document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1025822>Question 1025822</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help with this question, many thanks.<BR>\n" );
document.write( "Lily invested $50,000 in a boutique 4 years ago. Her investment is worth $80,000 today. What is the effective rate (annual effective yield) of her investment? Round your answer to two decimal places. <BR>\n" );
document.write( "( Use:   R_eff=(&#12310;A/P)&#12311;^(1/t)- 1&#8201;   , where an initial investment of $P  grows to an accumulated amount of $A in t  years. )<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #641125 by </B><A HREF=/tutors/aboutme.mpl?userid=rothauserc><B>rothauserc(4718)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rothauserc><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=rothauserc><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=641125\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Using the given information and the R_eff formula<BR>\n" );
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document.write( "R_eff = [ ( 80000 / 50000 ) ^(1/4) ] - 1<BR>\n" );
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document.write( "R_eff = 0.12468265  approx 0.12<BR>\n" );
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