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  • 23-05-2016
  • Mathematics
contestada

An investment grows by 22% over a 5 year period. What is its effective annual percent growth rate

Respuesta :

BrainGirl12
BrainGirl12 BrainGirl12
  • 23-05-2016
Since annual means per year, then you need to divide 22 by 5.

5 / 22 = 4.4

Now lets check our work.

4.4 x 5 = 22
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