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Posted: **Tue Apr 26, 2022 11:08 am**

: Peter S Grandparents Set Aside 6 000 For Him In A Trust Fund 22 Years Ago Over This Time The Money Has Grown To 20 3 1 (12.82 KiB) Viewed 43 times

Peter's grandparents set aside $6,000 for him in a trust fund 22 years ago. Over this time, the money has grown to $20,377. What compound annual rate of return (1) did the trust fund earn? Round your answer to 2 decimals.