Short Answer
If a $5,000 investment grew to $6,450 in 30 months of monthly compounding, what effective rate of return was the investment earning?
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q127: What is the semi-annually compounded nominal rate
Q128: The current (simple annualized) yield, based on
Q129: What monthly compounded rate is equivalent to
Q130: Last year, Kristina purchased a new condominium
Q131: The insurance premium on a building is
Q133: A $10,000 payment on March 15<sup>th</sup> was
Q134: How much will an investment of $100
Q135: Jeff purchased some Mitel preferred shares on
Q136: For a five-year GIC investment, what monthly
Q137: The Consumer Price Index rose from 131.2