Styles Select Paragraph 6 Editing 5. A mutual fund had returns of 12% monthly in...
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Styles Select Paragraph 6 Editing 5. A mutual fund had returns of 12% monthly in the first year, 18% compounded annually in Qhe second year and 4% compounded quarterly in the third year. a. What would a $ 1000 investment 3 years ago be worth today? b. What was the average nominal rate (compounded monthly) of return earned? C. The fund lost $100.00 in the fourth year - what was the average effective rate of return for the four years? Styles Select Paragraph 6 Editing 5. A mutual fund had returns of 12% monthly in the first year, 18% compounded annually in Qhe second year and 4% compounded quarterly in the third year. a. What would a $ 1000 investment 3 years ago be worth today? b. What was the average nominal rate (compounded monthly) of return earned? C. The fund lost $100.00 in the fourth year - what was the average effective rate of return for the four years
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