Suppose a man invested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2006? Category Average Annual Return Stocks 6.5% Bonds 2.0% Cash 0.9%

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....
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Suppose a man invested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash,
respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each
investment have been worth at the end of 2006?
Category
Stocks
Average Annual Return
6.5%
Bonds
2.0%
Cash
0.9%
His investment in the fund tracking stocks would be worth approximately S
(Do not round until the final answer. Then round to two decimal places as needed.)
Transcribed Image Text:Suppose a man invested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2006? Category Stocks Average Annual Return 6.5% Bonds 2.0% Cash 0.9% His investment in the fund tracking stocks would be worth approximately S (Do not round until the final answer. Then round to two decimal places as needed.)
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