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Frank invests in the Experience Investment Fund which credits money according to the investment year method using the following chart. y in Y iz! V
Frank invests in the Experience Investment Fund which credits money according to the investment year method using the following chart. y in Y iz! V + 3 Year of Portfolio Rate 1991 0.05 0.045 0.04 0.04 0.05 0.055 0.04 0.035 1992 Year of Original Investment 1988 1989 1990 1991 1992 1993 0.065 0.06 0.065 0.04 1993 1994 0.05 0.065 0.04 0.04 0.075 0.055 0.04 1995 0.05 0.06 0.06 0.06 0.05 1996 Suppose Frank invests his money in the Experience Investment Fund on 1/1/1990. What was the average annual rate of return earned by Frank's investment from 1/1/1990 to 1/1/1997? (Round your answer to two decimal places.) % Frank invests in the Experience Investment Fund which credits money according to the investment year method using the following chart. y in Y iz! V + 3 Year of Portfolio Rate 1991 0.05 0.045 0.04 0.04 0.05 0.055 0.04 0.035 1992 Year of Original Investment 1988 1989 1990 1991 1992 1993 0.065 0.06 0.065 0.04 1993 1994 0.05 0.065 0.04 0.04 0.075 0.055 0.04 1995 0.05 0.06 0.06 0.06 0.05 1996 Suppose Frank invests his money in the Experience Investment Fund on 1/1/1990. What was the average annual rate of return earned by Frank's investment from 1/1/1990 to 1/1/1997? (Round your answer to two decimal places.) %
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