Compute the total and annual returns on the following investment. Nineteen years after purchasing shares in...

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Compute the total and annual returns on the following investment. Nineteen years after purchasing shares in a mutual fund for $5600, the shares are sold for $11,700. The the total retum is 108.9%. (Do not round until the final answer. Then round to one decimal place as needed.) The annual return is%. (Do not round until the final answer. Then round to one decimal place as needed.) Compute the total and annual returns on the following investment. Nineteen years after purchasing shares in a mutual fund for $5600, the shares are sold for $11,700. The the total retum is 108.9%. (Do not round until the final answer. Then round to one decimal place as needed.) The annual return is%. (Do not round until the final answer. Then round to one decimal place as needed.)

Answer rating: 100% (QA)

To calculate the total return we can use the formula Total Return Ending Value Initial ... View the full answer