You invested $10,000 in a variable return fund. The fund which is ties to NYSE had returns

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You invested $10,000 in a variable return fund. The fund which is ties to NYSE had returns of 3.19%, 4.32% and 15.7% in the first three years. If you investment was untouched, what' would be the balance after year three? Answer to 2 decimal places.

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Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Dec 12, 2023 10:22 PM

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You invested $10,000 in a variable return fund. The fund which is ties to NYSE had returns

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Sure we will be using the formula for compound interest which is A P1 rnnt where A the amount ... View the full answer

Corporate Finance A Focused Approach

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