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?

---

Definitions:

Restrictive

Pertains to a limiting or controlling condition or rule.

Nonrestrictive

Descriptive text that provides additional information but is not essential to the meaning of the sentence.

Carbonic Acid

A weak, unstable acid (H2CO3) formed in solution when carbon dioxide dissolves in water and participates in the carbonate buffer system in blood.

Asserted Proposition

A statement or claim declared to be true within the context of a logical argument or discourse.