Jen invested $1 fifty years ago.Today,her investment is worth $18,329.46.What is the geometric average return on this investment?
A)30.27%
B)21.69%
C)32.46%
D)36.67%
E)25.09%

Name: Jen invested $1 fifty years ago.Today,her investment is worth $18,329.46.What is the geometric average return on this investment? A)30.27% B)21.69% C)32.46% D)36.67% E)25.09%
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Question

Quizplus · Accepted Answer

Geometric return = 18,329.46^1/50 − 1 = 0.2169,or 21.69%

Jen Invested $1 Fifty Years Ago