At the Beginning of 2015, Clark's Trust Fund Had a Value

question 30

Essay

At the beginning of 2015, Clark's trust fund had a value of $400,000. Between the beginning of 2015 and the end of 2019, Clark's portfolio earned an arithmetic mean annual return of 7.6% and a geometric mean annual return of 6.3%. What approximate value did Clark's portfolio have at the end of 2019? Assume there were no inflow into or outflows from Clark's portfolio.

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Definitions:

Olfactory Bulb

A brain structure located in the forebrain involved in the sense of smell, serving as the initial processing site for olfactory information.

Pheromones

Chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of its species.

Amygdala

An almond-shaped mass of nuclei located deep within the temporal lobes of the brain, involved in emotion regulation, memory processing, and decision-making.