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    Top stock fund

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    The average annual return r for an investment is given by the following formula.

    r=(s/p)^1/n - 1,

    where P is the initial investment and S is the amount it is worth after n years. An investment of $ 10,000 in 1999 in the Shroeder Ultra Investors Fund was worth $20,130 in 2002. Find the 3 year average annual return.

    © BrainMass Inc. brainmass.com June 3, 2020, 7:15 pm ad1c9bdddf
    https://brainmass.com/business/business-math/top-stock-fund-91837

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    Top stock fund
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    The average annual return r for an ...

    Solution Summary

    This solution is comprised of a detailed explanation to find the 3 year average annual return.

    $2.19

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