Multiple Choice
A mutual fund paid 3.5%, 4%, 3.5%, 6%, and 5% over the past five years. If you had invested $1,000 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) $1239.96
E) $1180.92
Correct Answer:
Verified
Correct Answer:
Verified
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