Question
Juan invested $21,000 in a mutual fund 5 yr ago. Today his investment is worth $36,028. Find the effective annual rate of return on his
Juan invested $21,000 in a mutual fund 5 yr ago. Today his investment is worth $36,028. Find the effective annual rate of return on his investment over the 5-yr period. (Round your answer to two decimal places.) __________ %
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
