An Initial $1,800 Investment Was Worth $2120

question 299

Short Answer

An initial $1,800 investment was worth $2120.31 after two years and nine months.
What quarterly compounded nominal rate of return did the investment earn?

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Definitions:

Music Therapy

Treatment that consists of listening, rhythm, body movement, and singing to alter ordinary levels of consciousness and achieve the mind’s fullest potential, induce relaxation, or promote self-expression.

Pain Control

Methods and techniques used to alleviate or manage pain, including medication, physical therapy, and alternative therapies.

Musical Ability

Refers to the natural talent or acquired skill in understanding, producing, or interpreting music.