Dianne has been dollar-cost averaging in a mutual fund by investing $2,000 at the beginning of every quarter for the past 7 years. She has been earning an average annual compound return of 11% compounded quarterly on this investment. How much is the fund worth today? 1) $82,721.95 02) $84,996.80 3) $91,389.22 4) $93,902.42

Dianne has been dollar-cost averaging in a mutual fund by investing $2,000 at the beginning of every quarter for the past 7 years. She has been earning an average annual compound return of 11% compounded quarterly on this investment. How much is the fund worth today? 1) $82,721.95 02) $84,996.80 3) $91,389.22 4) $93,902.42

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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