for the two years: 1.08168 - 1 = 0.08168, or 8.168%
for a compound annual return: (1.08168^1/2) - 1 = 0.04004, or 4.004%
yes
I am trying to calculate my return in a $100,000.00 investment in a managed fund with J.P.Morgan 2 years ago.
Fund value: $109,777.97
Fund cost: $101.488.07 (includes reinvested dividends of $4359.85 less fees of $2,591.10)
Calculating returns:
$109,777.97 - $101,488.07 = $8,289.90 Gain or 8.17%
By the formula ($8,289.9/730 Days*365 days)/$101,488.07 = 4.08%
Fund returned 8.17% for 2 years or 4.08% average per year before tax?
Am I correct?
