You are a partner at a brokerage firm. You got to be a partner due to your amazing ability to choose just the right investments for your clients. One client that you remember likes to order drinks with mini-umbrellas in them phoned up to check on her account.

She said, "I remember I put $489869 in this account exactly 7 years ago. As tempted as I was, I haven't touched the account since then. I was online anyway and checked my account today. It said the account has a $938795 value today. That's just fine because I know how volatile the market has been. Could you tell me the annual compounded return for this account over the last 7 years?"

What is the annual compounded rate of return for this investment?

Answer in the format:

Answer in percentage, but without the % sign, For example, 0.0651 is entered as 6.51

Do not round intermediary calculations. Use the full precision of your calculator or Excel. Round properly to two decimal places Example: .157835 would be entered 15.78 Example: .055555 would be entered 5.56