At the beginning of 2015, Clark's trust fund had a value of $400,000. Between the beginning of 2015 and the end of 2019, Clark's portfolio earned an arithmetic mean annual return of 7.6% and a geometric mean annual return of 6.3%. What approximate value did Clark's portfolio have at the end of 2019? Assume there were no inflow into or outflows from Clark's portfolio.

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The Answer of At the beginning of 2015, Clark's trust fund had a value of $400,000. Between the beginning of 2015 and the end of 2019, Clark's portfolio earned an arithmetic mean annual return of 7.6% and a geometric mean annual return of 6.3%. What approximate value did Clark's portfolio have at the end of 2019? Assume there were no inflow into or outflows from Clark's portfolio.

At the Beginning of 2015, Clark's Trust Fund Had a Value