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Johnson Investments portfolio performed relatively well in the past five years, and the annual return...

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Finance

Johnson Investments portfolio performed relatively well in the past five years, and the annual return are as follows. Assume the beginning portfolio value is $1,200,000, what is the portfolio value after the five-year period?

Year Return
1 6%
2 -4%
3 11%
4 15%
5 9%

Group of answer choices

$1,694,897

$1,402,754

$1,812,063

$1,412,788

$1,699,048

Answer & Explanation Solved by verified expert
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