Question
11 years ago you deposited $5,556 into an investment that has grown to $17,014. This investment pays interest on a quarterly basis. What is your
11 years ago you deposited $5,556 into an investment that has grown to $17,014. This investment pays interest on a quarterly basis.
What is your effective annual rate of return? (Hint: Solve this question in two parts. You will need to solve for the nominal annual rate first)
Enter your answer in percentage to four decimal places. Do not enter the % sign
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Handbook Of Heavy Tailed Distributions In Finance
Authors: S.T Rachev
1st Edition
0444508961, 9780444508966
