Multiple Choice
Angela has $10,000 to invest.She hopes to have $15,000 at the end of 5 years.Use the geometric mean to compute the average rate of return that she will have to earn to reach her goal.
A) 6.12%
B) 5.34%
C) 8.45%
D) 9.65%
E) 6.22%
Correct Answer:
Verified
Correct Answer:
Verified
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