document.write( "Question 48515: investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14,309.61 in 2002 (www.fidelity.com). The average annual return r for an investment is given by the formula r=(s/p)^1/n -1 , where P is the initial investment and S is the amount it is worth after n years. Find the 5-year average annual return of this investment.\r
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Algebra.Com's Answer #32094 by stanbon(75887)\"\" \"About 
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investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14,309.61 in 2002 (www.fidelity.com). The average annual return r for an investment is given by the formula r=(s/p)^1/n -1 , where P is the initial investment and S is the amount it is worth after n years. Find the 5-year average annual return of this investment.
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\n" ); document.write( "\n" ); document.write( "r = (14309.61/10000)^(1/5) - 1
\n" ); document.write( "r= 1.430961^(1/5) -1
\n" ); document.write( "r= 1.07429996 -1
\n" ); document.write( "r=0.07479996...
\n" ); document.write( "Average rate is approximately 7.47%\r
\n" ); document.write( "\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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