Roger invested in the DWJ Pacific Growth Mutual Fund at the end of 2008. At...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Roger invested in the DWJ Pacific Growth Mutual Fund at the end of 2008. At the end of 2009, the value of his holdings was $1,700, and he calculated that his investment had grown 2.9%. In 2010, the DWJ Fund lost -1.4%. At the end of 2011, Roger calculated that his 3 year average annual return was 4.1%. In January 2012, the DWJ Fund grew at a rate of 0.8%.
What was the growth rate for Roger's investment in 2011?
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.