For the five-year period ended October 31, 2016, a North American Resource Fund had a compound annual return of 7.99% compared to the average annual five-year returns of –0.337% for funds in the same category. How much more would an initial $1000 investment have earned over the five-year period in the North American Resource Fund compared to a $1000 investment fund earning the average rate of return?

Answer rating: 100% (QA)

Solution Ending value beginning value 1 annual rate of retur... View the full answer