document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=62054>Question 62054</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14,309.61 in 2002.  Use the formula r = (S/P)^1/n -1 to find the 5-year average annual return. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #42809 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=42809\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> An investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14,309.61 in 2002. Use the formula r = (S/P)^1/n -1 to find the 5-year average annual return.<BR>\n" );
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document.write( "r = (S/P)^1/n -1<BR>\n" );
document.write( "r = (14309.61/10000)^(1/5) - 1<BR>\n" );
document.write( "r= = 1.0742908...  - 1<BR>\n" );
document.write( "r= 0.074<BR>\n" );
document.write( "r = 7.4%<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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