Forty Years Ago,your Father Invested $2,500

question 78

Multiple Choice

Forty years ago,your father invested $2,500. Today that investment is worth $107,921. What is the average rate of return your father earned on his investment?

• A) 8.50%
• B) 9.33%
• C) 9.50%
• D) 9.87%
• E) 9.99%

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