Question 110464
An investment of $10,000 in 1997 in the spartan investment grade bond fund grew to $14,309.61 in 2002.  Use the formula from the previous exercise to find the 5-year average annual return.

formula:  r=[(s/p)^(1/(n-1)]
r = [(14309.61/10,000)^(1/4)
r = 1.0937...
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Cheers,
Stan H.