Question

An investment grows from $ 100 to $ 500 over a period of 6 years. What...

An investment grows from $ 100 to $ 500 over a period of 6 years. What average annual rate (%) will produce this result?

Round your answer to TWO decimal places, and please show all work

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Answer #1

FP (140) Where Pafchure Ikolue P = present Valea g=rale t=time Soo a loo (14816 5 = (1+06 Corrje - 15% to = 1:3 Ho = 1:3 r= 0

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