5 year average annual return
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Using this formula..
r=(S/P)^1/n - 1
An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006 (www.money.com). Use the formula above to find the 5 year average annual return.
r equals S over P to the power of 1/n minus 1
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Solution Summary
Find the 5 year average annual return.
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