Question
An initial investment of $41,800 fifty years ago is worth $1,533,913 today. What is the geometric average return on this investment? A)11.08 percent B)10.47 percent
An initial investment of $41,800 fifty years ago is worth $1,533,913 today. What is the geometric average return on this investment?
A)11.08 percent
B)10.47 percent
C)7.47 percent
D)9.23 percent
E)8.02 percent
Please show the formula used and the steps so I can understand how to get to the answer
Thanks
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The Ten Commandments To A Financial Healing
Authors: Ms. Kemberley J Washington
1st Edition
1499607261, 978-1499607260
