A mutual fund paid 5.5%, 9%, -8%, 3.5%, and 5% over the past five years. If you had invested $2,000 at the beginning of the five-year period, what was your investment worth at the end of the five-year period?
A) $2300.00
B) $2699.37
C) $2570.83
D) $2608.09
E) $2299.46
Correct Answer:
Verified
Q76: What is the semi-annually compounded nominal rate
Q77: What effective rate of interest is equivalent
Q78: Determine the annual nominal rate of a
Q79: What amount compounded quarterly is equivalent to
Q80: What amount compounded monthly is equivalent to
Q82: Last year, Kristina purchased a new condominium
Q83: Patty Lo purchased a house that she
Q84: 9.1% compounded annually is a better investment
Q85: The insurance premium on a building is
Q86: 10.20% compounded monthly is equal to 10.69%
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents