Maury invested $5,000 in a selection of high-tech stocks. After six years of careful trading, his investments were worth $79,700. At what quarterly compounded nominal rate did his investments grow?
A) 37.45%
B) 24.90%
C) 12.23%
D) 58.64%
E) 48.91%

Question

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The Answer of Maury invested $5,000 in a selection of high-tech stocks. After six years of careful trading, his investments were worth $79,700. At what quarterly compounded nominal rate did his investments grow?
A) 37.45%
B) 24.90%
C) 12.23%
D) 58.64%
E) 48.91%

Maury Invested $5,000 in a Selection of High-Tech Stocks