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What is ending wealth after 10 years

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You invest $1,000 today in a well-diversified large stock mutual fund. You do not make any additional contributions. However, you set up your fund so that all distributions are automatically reinvested. Your holding period is 10 years. Suppose that your investment has the following real total annual returns. (Assume that your mutual fund is held in a tax-deferred retirement account, so we can ignore taxes during your investment period.)

Year 1: -6.3%
Year 2: 19.1%
Year 3: -2.3%
Year 4: 12.9%
Year 5: 14.8%
Year 6: 4.9%
Year 7: 6.6%
Year 8: -1.3%
Year 9: 9.5%
Year 10: 14.9%

What is your ending wealth after 10 years?

Round to the nearest dollar. Do not enter the $ symbol or commas in your answer.

Reference no: EM132662196

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