Question

Suppose a man invested ​$250 at the end of 1900 in each of three funds that tracked the averages of​ stocks, bonds, and​ cash, respectively. Assuming that his investments grew at the rates given in the table to the​ right, approximately how much would each investment have been worth at the end of 2011​? Category Average Annual Return Stocks 6.8​% Bonds 2.4​% Cash 0.8​% His investment in the fund tracking stocks would be worth approximately $______.

Answer 1

Answer:

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