Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sixty years ago, your great grandmother invested $ 4 , 5 0 0 . Today, that investment is worth $ 4 3 0 , 0

Sixty years ago, your great grandmother invested $4,500. Today, that investment is worth $430,065.11. What is the average annual rate of return she earned on this investment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Million Air Exclusive Strategies For Pilots To Build Significant Wealth

Authors: Andy Garrison

1st Edition

1541383095, 978-1541383098

More Books

Students also viewed these Finance questions

Question

Where can I get official information for federal payroll taxes?

Answered: 1 week ago