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A Mutual Fund Paid 3

Question 47

Multiple Choice

A mutual fund paid 3.5%, 4%, 3.5%, 6% and 5% over the past five years. If you had invested $1000 at the beginning of the five-year period, what was your investment worth at the end of the five-year period?


A) $1220.00
B) $1617.34
C) $1771.38
D) $1227.98
E) $1180.92

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