You invest $10,000 in August 2004. In August 2009, the investment is worth $12,000. What was your compound annual rate of return over the period?
A) 3.09%
B) 3.71%
C) 4.00%
D) 4.21%

Name: You invest $10,000 in August 2004. In August 2009, the investment is worth $12,000. What was your compound annual rate of return over the period? A) 3.09% B) 3.71% C) 4.00% D) 4.21%
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

N = 5
PV = 10,000
FV = 12,000
I/YR = ? = 3.71

You Invest $10,000 in August 2004