document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=165816>Question 165816</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can You Help me?<BR>\n" );
document.write( "132.) Top bond fund. An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006 (www.money.com) Use the formula :\r<BR>\n" );
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document.write( "r=(s/p)^1/n - 1 to find the 5 - year average annual return.\r<BR>\n" );
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document.write( "R is determined by the initial investment P, the number of years n, and the amounts S that it is worth after n years.<BR>\n" );
document.write( "P = 10,000<BR>\n" );
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document.write( "n = 2006 - 2001 = 5 years<BR>\n" );
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document.write( "s = 24,780<BR>\n" );
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document.write( "We are searching for the value of r.<BR>\n" );
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document.write( "Here is the formula:<BR>\n" );
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document.write( "r = (24,780/10,000)^1/6 - 1 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #122227 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=122227\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006 (www.money.com) Use the formula : <BR>\n" );
document.write( "r=(s/p)^1/n - 1 to find the 5 - year average annual return. <BR>\n" );
document.write( "R is determined by the initial investment P, the number of years n, and the amounts S that it is worth after n years.<BR>\n" );
document.write( "P = 10,000\r<BR>\n" );
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document.write( "n = 2006 - 2001 = 5 years\r<BR>\n" );
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document.write( "s = 24,780\r<BR>\n" );
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document.write( "We are searching for the value of r.\r<BR>\n" );
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document.write( "Here is the formula:\r<BR>\n" );
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document.write( "r = (24,780/10,000)^1/6 - 1<BR>\n" );
document.write( "r = (2.478)^(1/6) -1<BR>\n" );
document.write( "r = 1.16328..- 1<BR>\n" );
document.write( "rate = 0.16328<BR>\n" );
document.write( "rate = 16.33 %<BR>\n" );
document.write( "===================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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