Figure 3 shows that a $10,000 investment in a growthoriented mutual fund over a 10-year period would

Question:

Figure 3 shows that a $10,000 investment in a growthoriented mutual fund over a 10-year period would have grown to $126,000. What annual nominal rate would produce the same growth if interest was:

(A) Compounded annually?

(B) Compounded continuously?

Express answers as percentages, rounded to three decimal places.

$140,000 120,000 100,000 80,000 60,000 40,000 20,000 $10,000 01 2 3 Figure 3 Growth of a $10,000 investment

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Figure 3 shows that a $10,000 investment in a growthoriented mutual fund over a 10-year period would

Question:

$140,000 120,000 100,000 80,000 60,000 40,000 20,000 $10,000 01 2 3 Figure 3 Growth of a $10,000 investment Mutual Fund Russell Index $126,000 $63,000 4 5 67 8 9 10 Years

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A B 126000 100...View the full answer

Finite Mathematics For Business Economics Life Sciences And Social Sciences

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