Will Has Been Purchasing $25,000 Worth of New Tek Stock

question 80

Multiple Choice

Will has been purchasing $25,000 worth of New Tek stock annually for the past 15 years.His holdings are now worth $598,100.What is his annual rate of return on this stock?

• A)6.13 percent
• B)6.24 percent
• C)6.29 percent
• D)6.32 percent
• E)6.36 percent

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