Question: Review Problem 9 # 16 (LO1) For the five-year period ended October 31, 2022, a North American Resource Fund had a compound annual return of

Review Problem 9 # 16 (LO1) For the five-year period ended October 31, 2022, 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? (Round the intermediate steps and the final answer to 2 decimal places.) The North American Resource Fund earned more

For the five-year period ended October 31, 2022, 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? (Round the intermediate steps and the final answer to 2 decimal places.) The North American Resource Fund earned $ more

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