SOLUTION: An investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14,309.61 in 2002. Use the formula r = (S/P)^1/n -1 to find the 5-year average annual return.
Algebra.Com
Question 62054: An investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14,309.61 in 2002. Use the formula r = (S/P)^1/n -1 to find the 5-year average annual return.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
An investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14,309.61 in 2002. Use the formula r = (S/P)^1/n -1 to find the 5-year average annual return.
----------
r = (S/P)^1/n -1
r = (14309.61/10000)^(1/5) - 1
r= = 1.0742908... - 1
r= 0.074
r = 7.4%
Cheers,
Stan H.
RELATED QUESTIONS
An investment of $10000 in 1997 in the Spartan Investment Grade Bond Fund grew to... (answered by vleith)
investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to... (answered by stanbon)
Ok so on this one it gives me a formula but I have no clue how to use it. I would love... (answered by stanbon)
I am a little confused on these two problems from the book. We are working on squared... (answered by stanbon)
Top bond fund. An investment of $10,000 in the
Emerging Country Debt Fund in 2001 was... (answered by rfer)
Top bond fund. An investment of $10,000 in the Emerging Country Debt Fund in 2001 was... (answered by nyc_function)
Top Bond Fund. An investment of $10,000 in the Emerging Country Debt Fund in 2001 was... (answered by nyc_function)
Can You Help me?
132.) Top bond fund. An investment of $10,000 in the Emerging Country... (answered by stanbon)
Top bond fund. An investment of $10,000 in the
Emerging Country Debt Fund in 2001 was... (answered by stanbon)