SOLUTION: an investor bought a stock for 18,000. five years later, the stock was sold for 22,000. if interest is compounded continuously, what annual nominal rate of interest did the origina
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: an investor bought a stock for 18,000. five years later, the stock was sold for 22,000. if interest is compounded continuously, what annual nominal rate of interest did the origina
Log On
Question 1135489: an investor bought a stock for 18,000. five years later, the stock was sold for 22,000. if interest is compounded continuously, what annual nominal rate of interest did the original 18,000 investment earn? Give answer as a percentage and round your answer to 2 decimal places. Answer by Theo(13342) (Show Source):