document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=204030>Question 204030</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/9780073533490/algebrahomeworkh></A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> Top bond fund. An investment of $10,000 in the<BR>\n" );
document.write( "Emerging Country Debt Fund in 2001 was worth $24,780<BR>\n" );
document.write( "in 2006 (www.money.com). Use the formula from the<BR>\n" );
document.write( "previous exercise to find the 5-year average annual<BR>\n" );
document.write( "return.<BR>\n" );
document.write( "using the equation: r=(s/p)^1/n-1\r<BR>\n" );
document.write( "\n" );
document.write( "i really dont understand how to deal with these just yet still kind of confusing.\r<BR>\n" );
document.write( "\n" );
document.write( "Thank you for your help! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #153994 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=153994\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Top bond fund. An investment of $10,000 in the<BR>\n" );
document.write( "Emerging Country Debt Fund in 2001 was worth $24,780<BR>\n" );
document.write( "in 2006 (www.money.com). Use the formula from the<BR>\n" );
document.write( "previous exercise to find the 5-year average annual<BR>\n" );
document.write( "return.<BR>\n" );
document.write( "using the equation: r=(s/p)^1/n-1 <BR>\n" );
document.write( "---------<BR>\n" );
document.write( "r = (24780/10000)^(1/(5-1)  <BR>\n" );
document.write( "---<BR>\n" );
document.write( "r = 2.478T(1/4) <BR>\n" );
document.write( "r = 1.2546...%<BR>\n" );
document.write( "======================<BR>\n" );
document.write( "I am assuming s = 24780 and p = 10000<BR>\n" );
document.write( "======================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );