Suppose that the following table gives information about your mutual fund: Year Rate of Return 2017   2018 5.1% 2019 4.1% The overall rate of return between 2017 and 2019 was 5.8%. If you invested $2,000 in this fund at the beginning of 2017, what would your investment be worth at the end of 2017?  Round your answer to the nearest dollar.

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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Suppose that the following table gives information about your mutual fund:

Year Rate of Return
2017  
2018 5.1%
2019 4.1%

The overall rate of return between 2017 and 2019 was 5.8%. If you invested $2,000 in this fund at the beginning of 2017, what would your investment be worth at the end of 2017

Round your answer to the nearest dollar. 

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