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    Returns on Bonds

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    An investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14, 309.61 in 2002. Use the formula r=(s/p )^1/n -1 to find the five year average. r is the annual return, p is the initial investment and s is the amount it is worth after n years.

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    Solution Summary

    Return on a bond is investigated.