Suresh invests $15,000.00 in a mutual fund. The mutual fund returns for the next 5 years are given by: Time Return  0  4.300%  1  8.250%  2  8.250%  3  -3.110%  4  -2.120% Compute the average annual ROI. a.r = 3.197%. b.r = 3.117%. c.r = 2.997%. d.r = 3.027%. e.r = 2.937%.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter16: The Markets For Labor, Capital, And Land
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Suresh invests $15,000.00 in a mutual fund. The mutual fund returns for the next 5 years are given by:

Time Return
 0  4.300%
 1  8.250%
 2  8.250%
 3  -3.110%
 4  -2.120%
Compute the average annual ROI.
a.r = 3.197%.
b.r = 3.117%.
c.r = 2.997%.
d.r = 3.027%.
e.r = 2.937%.
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