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Three years ago, you invested in the Future Investco Mutual Fund by purchasing 1,000 shares of the fund at a net asset value of $19.56

Three years ago, you invested in the Future Investco Mutual Fund by purchasing 1,000 shares of the fund at a net asset value of $19.56 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,150 shares in this fund for 22.61 per share. What is the compounded rate of return on this investment over the three-year period? The compounded rate of return on this investment over the three-year period is nothing %.

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