# SOLUTION: Ok so on this one it gives me a formula but I have no clue how to use it. I would love it if someone would help me. You guys are awesome. Thank you in advance!!!!! An investm

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Misc -> SOLUTION: Ok so on this one it gives me a formula but I have no clue how to use it. I would love it if someone would help me. You guys are awesome. Thank you in advance!!!!! An investm      Log On

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 Click here to see ALL problems on Miscellaneous Word Problems Question 110464This question is from textbook university of Phoenix Elementary and Intermediate Algebra : Ok so on this one it gives me a formula but I have no clue how to use it. I would love it if someone would help me. You guys are awesome. Thank you in advance!!!!! An investment of \$10,000 in 1997 in the spartan investment grade bond fund grew to \$14,309.61 in 2002. Use the formula from the previous exercise to find the 5-year average annual return. formula: r=(s/p)^1/n -1This question is from textbook university of Phoenix Elementary and Intermediate Algebra Answer by stanbon(57337)   (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 from the previous exercise to find the 5-year average annual return. formula: r=[(s/p)^(1/(n-1)] r = [(14309.61/10,000)^(1/4) r = 1.0937... ============= Cheers, Stan H.