Determine the value of portfolio today

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You invested $10,000 eight years ago. The arithmetic average is 10.9% and the geometric average return is 10.5%. What is the value of your portfolio today?

Please show detailed step-by-step computations in how you were able to find this answer as I would like to use this example as a template to compute other problems of the same type.

 

Reference no: EM1352963

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