Which fund should pat invest the new money in

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Question: Pat has two investment funds. The first investment fund, Fund A, was started 7 years ago. Pat initially invested $3,500 and it is now worth $8,300. The second fund, Fund B, was started 4 years ago with an initial investment of $2,000. The second fund is now worth $3,350. Pat has more money to invest and has decided to invest it in the fund that has the highest compound annual return. Which fund should Pat invest the new money in?

Reference no: EM133265480

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