11.5

Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,500 shares of the fund at a net asset value of $17.86 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,650 shares in this fund for $20.18 per share. What is the compounded rate of return on this investment over the five-year period