Suppose that at the beginning of 2004 you invested $10,000 in the Stivers mutual fund and $5000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Which mutual fund performed better ? Year Stivers Trippi 2004 11,000 5,600 2005 12,000 6,300 2006 13,000 6,900 2007 14,000 7,600 2008 15,000 8,500 2009 16,000 9,200 2010 17,000 9,900 2011 18,000 10,600
Suppose that at the beginning of 2004 you invested $10,000 in the Stivers mutual fund and $5000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Which mutual fund performed better ?
Year Stivers Trippi
2004 11,000 5,600
2005 12,000 6,300
2006 13,000 6,900
2007 14,000 7,600
2008 15,000 8,500
2009 16,000 9,200
2010 17,000 9,900
2011 18,000 10,600
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