Anonymous
Anonymous asked in Business & FinanceInvesting · 1 month ago

CALC HELP PLEASEEE?

If $13,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $61,692.24 on September 30, 2018. What interest rate, compounded annually, did this investment earn (Round your answer to two decimal places.)?

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  • 1 month ago
    Favourite answer

    (61,692.2/13,000)^(1/10) = 1.168500

    (1.1685-1)x100 = 16.85%

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