Problem

Historical Returns. Suppose your great-great-grandfather in-vested $250 at the end of 19...

Historical Returns. Suppose your great-great-grandfather in-vested $250 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in Table 4.6, approximately how much would each investment have been worth at the end of 2008?

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