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Joanne Invested $15,000 Six Years Ago

Question 90

Multiple Choice

Joanne invested $15,000 six years ago. Her arithmetic average return on this investment is 8.72 percent, and her geometric average return is 8.50 percent. What is Joanne's portfolio worth today?


A) $23,989
B) $24,472
C) $26,409
D) $26,514
E) $26,766

Correct Answer:

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