When I invested $50,000 in this mutual funds at the beginning of the 3rd year, how much the invested money would be worth at the end of the year 8??State each step of calculation and explain the step.

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Year Return (%) Growth Factor -234567890 1 -22.1 28.7 0.779 1.287 10.9 1.109 4.9 1.049 15.8 1.158 5.5 1.055 -37.0 0.630 26.5 1.265 15.1 1.151 10 2.1 1.021 Year Return (%) Growth Factor -234567890 1 -22.1 28.7 0.779 1.287 10.9 1.109 4.9 1.049 15.8 1.158 5.5 1.055 -37.0 0.630 26.5 1.265 15.1 1.151 10 2.1 1.021

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To calculate the value of the 50000 investment at the end of year 8 well follow these steps 1 Calcul... View the full answer