Victor Cannot Find the Original Record of His Purchase 4

question 64

Short Answer

Victor cannot find the original record of his purchase 4 years ago of units of the Imperial Global Fund. The current statement from the fund shows that the total current value of the units is $47,567. From a mutual fund database, Victor found that the fund's rates of return for Years 1 to 4 have been 15.4%, 24.3%, 32.1%, and -3.3%, respectively.
a) What was Victor's original investment in the fund?
b) What was the dollar increase in the value of the fund in Year 3?

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Definitions:

Cultural Influences

The impact of shared beliefs, values, customs, and behaviors of a society or community on an individual's thoughts, feelings, and actions.

Conciliatory

Showing willingness to reconcile or make concessions to reach a peaceful resolution.

Aggression

Behavior aimed at causing harm or pain to others, which can be physical or verbal.

Sympathetic Arousal

Activation of the sympathetic nervous system, leading to physiological changes such as increased heart rate and blood pressure, often in response to stress or threat.