Multiple Choice
Forty years ago,your mother invested $5,000.Today,that investment is worth $430,065.11.What is the average annual rate of return she earned on this investment?
A) 11.68 percent
B) 11.71 percent
C) 11.78 percent
D) 11.91 percent
E) 12.02 percent
Correct Answer:
Verified
Correct Answer:
Verified
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