ghajanipatel786 ghajanipatel786

17-05-2024
Mathematics

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what annual rate of return is earned on a $5000 investment when it grow to $10750 in six years? Calcuate the annual rate of return

Answer :

lulumariaa76 lulumariaa76

17-05-2024

The annual rate of return on a $5,000 investment that grows to $10,750 in six years is approximately 13.24% when calculated using the compound interest formula and solving for the rate.

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