The overall rate of return between 2014 and 2016 was 55, Financial Management

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The overall rate of return between 2014 and 2016 was 55

Suppose that the following table gives information about your mutual fund:

Year Rate of Return

2014

2015 5%

2016 4.6%

The overall rate of return between 2014 and 2016 was 5.5%. If you invested $2000 in this fund at the beginning of 2014, what would your investment be worth at the end of 2014?

Round your answer to the nearest dollar.

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Financial Management: The overall rate of return between 2014 and 2016 was 55

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Financial Management: The overall rate of return between 2014 and 2016 was 55

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