Three years ago, you invested in the Future Investco Mutual Fund by purchasing

500

shares of the fund at a net asset value of

$20.58

per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your

550

shares in this fund for

$23.79

per share. What is the compounded rate of return on this investment over the three-year period?