Suppose that the following table gives information about your mutual fund: Year Rate of Return 2017 2018 5.1% 2019 4.1% The overall rate of return between 2017 and 2019 was 5.8%. If you invested $2,000 in this fund at the beginning of 2017, what would your investment be worth at the end of 2017? Round your answer to the nearest dollar.

Suppose that the following table gives information about your mutual fund: Year Rate of Return 2017 2018 5.1% 2019 4.1% The overall rate of return between 2017 and 2019 was 5.8%. If you invested $2,000 in this fund at the beginning of 2017, what would your investment be worth at the end of 2017? Round your answer to the nearest dollar.

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 7FPE

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