Question: You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value

You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Market value of stocks

year 1: 2,645 million=

year 2: 2,957 million=

year 3: 3,318 million=

year 4: 3,193 million=

year 5: 3,742 million=

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