You deposited $1000 into an account 5 years ago for an emergency fund. Today, that account is worth $1200. What annual r

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answerhappygod
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You deposited $1000 into an account 5 years ago for an emergency fund. Today, that account is worth $1200. What annual r

Post by answerhappygod »

You deposited $1000 into an account 5 years ago for an emergency
fund. Today, that account is worth $1200. What annual rate of
return did you earn on this account? Compute no other deposits, no
withdrawals, and annual compounding.
a. 3.71%
b. 1.71%
c. 2.3%
d. 5%
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