Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an investor invests $136,000 in a managed fund at

An investor invests $136,000 in a managed fund at the beginning of Year 1. Over...

60.1K

Verified Solution

Question

Accounting

An investor invests $136,000 in a managed fund at the beginning of Year 1. Over the course of the first year the value of the fund increases by $25391. At the end of Year 1, the investor invests another $31,000. Over the course of the second year the value of the fund falls by $24533. At the end of Year 2 the investor invests another $40,000. At the end of Year 3 the value of the fund has increased to $287378, which the investor then withdraws. What is the annual rate of return from this investment the point of view of the investor? Question 4Answer a.14% b.12% c.11% d.13%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students