\ DETAILS\ Juan invested

$23,000

in a mutual fund

6yr

ago. Today his investment is worth

$35,298

. Find the effectlve alinual rate of return on his investment over the

6-yr

period.\ (Round your final answer to two decimal places.)\

%

\ Select the formula used to solve this problem?\ A.

I=Prt

\ B.

A=P(1+rt)

\ C.

A=P(1+i)^(n),l=(r)/(m),n=mt

\ D.

r_(eff )=(1+(r)/(m))^(m)-1

\ E.

r_(eff)=((A)/(P))^((1)/(t))-1

\ F.

S=R[((1+l)^(n)-1)/(l)]

\ G.

P=R[(1-(1+I)^(-n))/(i)]

7, DETAILS Juan invested $23,000 in a mutual fund 6 yr ago. Today his investment is worth $35,298. Find the effective amual rate of return on his investment over the 6-yr period. (Round your final answer to two decimal places.) % Select the formula used to solve this problem? O A. I = Prt OB. A = P(1+rt) OC. A = P(1+i)", /=, n=mt m m OD. reff = (1+)-1 O E. reff = (A) - 1 OF. SR (1+ 1 R[(1+1)^-1] OG. P=R P = R [1-(1+1)"]