Question
18) I invested $15,000 exactly 11 years ago and the balance is now $63,000. What effective annualised interest rate did I earn? (as a percentage
18)
I invested $15,000 exactly 11 years ago and the balance is now $63,000. What effective annualised interest rate did I earn? (as a percentage to the closest two decimal places; do not show the % sign. E.g 2.876% is 2.88).
Answer:
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Elements Of Financial Risk Management
Authors: Peter Christoffersen
2nd Edition
0128102357, 9780128102350
