MC Qu. 15 Solving for Rates What annual rate of return is earned on a $amt......

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Question

Answer 1

Answer #1

Annual average growth rate=((last value/First value)^(1/Time between 1st and last value)-1)*100

Annual Growth rate=((7300/3400)^(1/18)-1)*100

Annual Growth rate% = 4.34

Answer 2

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