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Suppose a man invested $350 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2008? His investment in the fund tracking stocks would be worth approximately $ Do not round until the final answer. Then round to two decimal places as needed.) Category Stocks Bonds Cash Average Annual Return 6.1% 1.7% 0.6%

Suppose a man invested $350 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2008? His investment in the fund tracking stocks would be worth approximately $ Do not round until the final answer. Then round to two decimal places as needed.) Category Stocks Bonds Cash Average Annual Return 6.1% 1.7% 0.6%

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Suppose a man invested $350 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2008? His investment in the fund tracking stocks would be worth approximately $ Do not round until the final answer. Then round to two decimal places as needed.) Category Stocks Bonds Cash Average Annual Return 6.1% 1.7% 0.6%
Transcribed Image Text:Suppose a man invested $350 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2008? His investment in the fund tracking stocks would be worth approximately $ Do not round until the final answer. Then round to two decimal places as needed.) Category Stocks Bonds Cash Average Annual Return 6.1% 1.7% 0.6%
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