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How much is your investment worth after four years

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Reference no: EM132853350

Question - You invested $50,000 in a mutual fund since 2016 for two years, The effective rate of return in 2016 was 9.1% but in 2017, the effective rate of return was -0.9%. You are disappointed with the fund performance and moved all the money from this fund and invested in a two-year term deposit that paid 3.8% interest compounded quarterly.

(a) How much is your investment worth after 4 years?

(b) What effective rate of return did you average over the 4 years?

Reference no: EM132853350

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