Question

You invest $4,300 in a money market fund at the beginning of the year. The fund's assets appreciate by 3.2 percent over the year. How many shares of the fund do you own at the end of the year?
A. 4,300.00 shares
B. 4,437.60 shares
C. 4,529.60 shares
D. 4,682.40 shares
E. 4,700.00 shares

Answer

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