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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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
