document.write( "Question 174409: An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006 (www.money.com). Find the 5-year average annual return.\r
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document.write( "I am so lost \n" );
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Algebra.Com's Answer #129377 by Mathtut(3670)![]() ![]() ![]() You can put this solution on YOUR website! the return is 24780-10000=14780\r \n" ); document.write( "\n" ); document.write( "the rate of return would be 14780/10000=1.48 or 148% over 5 years \n" ); document.write( ": \n" ); document.write( "to get the annual rate we must divide by the number of years of 5 \n" ); document.write( ": \n" ); document.write( " |