Suppose that you initially invested $10,000 in the Stivers mutual fund and $5,000 in theTrippi mutual fund. The value of each investment at the end of each subsequent year isprovided in the table:Year Stivers ($) Trippi ($)1 11,000 5,6002 12,000 6,3003 13,000 6,9004 14,000 7,6005 15,000 8,5006 16,000 9,2007 17,000 9,9008 18,000 10,600Which of the two mutual funds performed better over this time period?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Suppose that you initially invested $10,000 in the Stivers mutual fund and $5,000 in the
Trippi mutual fund. The value of each investment at the end of each subsequent year is
provided in the table:
Year Stivers ($) Trippi ($)
1 11,000 5,600
2 12,000 6,300
3 13,000 6,900
4 14,000 7,600
5 15,000 8,500
6 16,000 9,200
7 17,000 9,900
8 18,000 10,600
Which of the two mutual funds performed better over this time period?

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