You Invested $1,000 in a Mutual Fund at the Beginning

question 58

Multiple Choice

You invested $1,000 in a mutual fund at the beginning of the year. The fund reported the following quarterly returns during the year: -5%, 5%, 4%, and 8%. How much will you have
In your account at the end of the year, assuming you made no additional deposits or
Withdrawals? Ignore any fees and round your answer to the nearest dollar.

• A)$1,112
• B)$1,030
• C)$1,120
• D)none of the above

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Definitions:

Brazil

A large South American country with a diverse ecosystem, known for its Amazon rainforest, rich culture, and significant economic influence in Latin America.

Poland

A country located in Central Europe, known for its rich history, cultural heritage, and significant contributions to the arts, science, and politics.

Bastiat's "Petition

Refers to Frédéric Bastiat's satirical petition in "Economic Sophisms," illustrating the absurdity of protectionism and trade barriers.

Protectionism

Economic policies and measures taken by a government to protect its domestic industries from foreign competition by imposing tariffs, quotas, or regulations.