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)![]() ![]() ![]() You can put this solution on YOUR website! See here --> http://qrc.depaul.edu/StudyGuide2007/Notes/Savings%20Accounts/Compound%20Interest.htm\r \n" ); document.write( "\n" ); document.write( "You are given \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( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So r is 7% \n" ); document.write( " \n" ); document.write( " |