You deposited $1000 into an account 5 years ago for an emergency fund. Today, that account is worth $1200. What annual r
Posted: Sat Nov 27, 2021 5:15 pm
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%
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%