If a $15,000 investment grew to $21,805 in 4 years of quarterly compounding, what effective rate

Question:

If a $15,000 investment grew to $21,805 in 4 ½ years of quarterly compounding, what effective rate of return was the investment earning?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: