SOLUTION: Top Bond Fund. An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006. Use the formula from the previous exercise to find the 5 year average a

Algebra ->  Finance -> SOLUTION: Top Bond Fund. An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006. Use the formula from the previous exercise to find the 5 year average a      Log On


   



Question 209828: Top Bond Fund. An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006. Use the formula from the previous exercise to find the 5 year average annual return. (formula) r=(S/P)1/n-1
Answer by nyc_function(2741) About Me  (Show Source):
You can put this solution on YOUR website!

r = (24,780/10,000) times 1/5 - 1

r = (24,780/10,000) times 1/4
Can you finish now?