An initial investment of $35,000 forty nine years ago is worth $1,533,913 today.What is the geometric average return on this investment?
A)7.47 percent
B)8.02 percent
C)9.23 percent
D)10.47 percent
E)11.08 percent

Name: An initial investment of $35,000 forty nine years ago is worth $1,533,913 today.What is the geometric average return on this investment? A)7.47 percent B)8.02 percent C)9.23 percent D)10.47 percent E)11.08 percent
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Quizplus · Accepted Answer

$35,000 (1 + R)⁴⁹ = $1,533,913; R = 8.02 percent

An Initial Investment of $35,000 Forty Nine Years Ago Is