Multiple Choice
Thirty years ago, your father invested $11,000. Today, that investment is worth $287,047.
What is the average annual rate of return your father earned on his investment?
A) 11.14%
B) 11.27%
C) 11.38%
D) 11.49%
E) 12.07%
Correct Answer:
Verified
Correct Answer:
Verified
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