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Suppose a man invested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, Category Average Annual Return respectively
Suppose a man invested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, Category Average Annual Return respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each Stocks 6.1% investment have been worth at the end of 2008? Bonds 2.3% Cash 0.8% His investment in the fund tracking stocks would be worth approximately $. (Do not round until the final answer. Then round to two decimal places as needed.)
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