Forty years ago, your mother invested $5,000.Today, that investment is worth $430,065.11.What is the average annual rate of return she earned on this investment?
A)11.68 percent
B)11.71 percent
C)11.78 percent
D)11.91 percent
E)12.02 percent
Let's find answer to your question.
Forty years ago, your mother invested $5,000.Today, that investment is worth $430,065.11.What is the average annual rate of return she earned on this investment?
A)11.68 percent
B)11.71 percent
C)11.78 percent
D)11.91 percent
E)12.02 percent