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%.
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%.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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% |
a.r = 3.197%.
b.r = 3.117%.
c.r = 2.997%.
d.r = 3.027%.
e.r = 2.937%.
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