document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=330423>Question 330423</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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 from the previous exercise to find the 5-year average annual return\r<BR>\n" );
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document.write( "the formula is:<BR>\n" );
document.write( " r=(s/p)^1/n-1 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #236950 by </B><A HREF=/tutors/aboutme.mpl?userid=nyc_function><B>nyc_function(2741)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nyc_function><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/cgi-bin/show-face.mpl?user=nyc_function><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=236950\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> r = (s/p)^(1/n-1)\r<BR>\n" );
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document.write( "Let s = 24,780\r<BR>\n" );
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document.write( "Let p = 10,000\r<BR>\n" );
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document.write( "Let n = 5\r<BR>\n" );
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document.write( "We are searching for r.\r<BR>\n" );
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document.write( "r = (24,780/10,000)^(1/5-1)\r<BR>\n" );
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document.write( "r = (2.478)^(1/4)\r<BR>\n" );
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document.write( "r = 1.2546579 </SPAN>\n" );
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