Find annual rate

Lab 8: Compound Interest - Interest Rates and Term (Question Name: Anmol Singh Date: 2022-03-29 Question 2 [5 points] Early last year, the Stefan Growth Fund ran advertisements in the financial pages of major newspapers. The "ad" had primarily empty space containing the simple message: $20,000 INVESTED IN STEFANINVESTMENT GROWTH FUND ON DECEMBER 31, 1971 WOULD BE WORTH $5.30 MILLION ON DECEMBER 31, 2021 What annual rate of return did the fund realize over the period ending December 31 last year if interest was compounded semi-annually? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Annual rate = 0.00 %