For the five-year period ended December 31, 2006, the Sprott Canadian Equity Fund had the best performance of all diversified Canadian equity funds. It effectively earned a compound annual return of 31.6% compared to the average of 10.1% for over 300 diversified Canadian equity funds with a five-year history. How much more would an initial $1,000 investment in the Sprott Canadian Equity Fund have earned over the five-year period than a $1,000 investment in a fund earning the average rate of return?

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The Answer of For the five-year period ended December 31, 2006, the Sprott Canadian Equity Fund had the best performance of all diversified Canadian equity funds. It effectively earned a compound annual return of 31.6% compared to the average of 10.1% for over 300 diversified Canadian equity funds with a five-year history. How much more would an initial $1,000 investment in the Sprott Canadian Equity Fund have earned over the five-year period than a $1,000 investment in a fund earning the average rate of return?

For the Five-Year Period Ended December 31, 2006, the Sprott