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You set aside $5,888.00 when you were a teenager; the fund has now grown into $12,953.60. The average rate of investment for this fund is

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You set aside $5,888.00 when you were a teenager; the fund has now grown into $12,953.60. The average rate of investment for this fund is 8.00%. How long ago did you set up this fund? Please round answers to two decimals. $2,628.00 invested for 15 years at a simple annual rate of 8.00%. How much more can you make on this investment if the interest rate had compounded annually

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