document.write( "Question 149913: An investment of $10000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14309.61 in 2002. Use the formula R=(S/P)^1/n - 1, to find the 5 year average annual return. \n" ); document.write( "
Algebra.Com's Answer #110011 by vleith(2983)\"\" \"About 
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See here --> http://qrc.depaul.edu/StudyGuide2007/Notes/Savings%20Accounts/Compound%20Interest.htm\r
\n" ); document.write( "\n" ); document.write( "You are given \"r=%28%28A%2FP%29%5E%281%2Fn%29%29+-+1\"\r
\n" ); document.write( "\n" ); document.write( "A=14309.61
\n" ); document.write( "P=10000
\n" ); document.write( "n=5
\n" ); document.write( "So plug in and solve for r
\n" ); document.write( "\"r=%28%2814309.91%2F10000%29%5E%281%2F5%29%29+-+1\"
\n" ); document.write( "\"r=%28%281.430991%29%5E%281%2F5%29%29+-+1\"
\n" ); document.write( "\"r=%28%281.430991%29%5E%281%2F5%29%29+-+1\"
\n" ); document.write( "\"r=1.07+-+1\"
\n" ); document.write( "\"r=0.07\"\r
\n" ); document.write( "\n" ); document.write( "So r is 7%
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