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Suppose a man invested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2007? His investment in the fund tracking stocks would be worth approximately $ (Do not round until the final answer. Then round to two decimal places as needed.) CEFE Category Stocks Bonds Cash Average Annual Return 6.7% 2.4% 0.7%

Suppose a man invested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2007? His investment in the fund tracking stocks would be worth approximately $ (Do not round until the final answer. Then round to two decimal places as needed.) CEFE Category Stocks Bonds Cash Average Annual Return 6.7% 2.4% 0.7%

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 72E
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Suppose a man invested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2007? His investment in the fund tracking stocks would be worth approximately $. (Do not round until the final answer. Then round to two decimal places as needed.) Category Stocks Bonds Cash Average Annual Return 6.7% 2.4% 0.7%
Transcribed Image Text:Suppose a man invested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2007? His investment in the fund tracking stocks would be worth approximately $. (Do not round until the final answer. Then round to two decimal places as needed.) Category Stocks Bonds Cash Average Annual Return 6.7% 2.4% 0.7%
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