investment?

1 ⤊

An investment grows by 3% per year for 10 years. By what percent does it increase over the 10-year period?

and

An investment grows by 30% over a 5-year period. What is its effective annual percent growth rate?

2007-02-15 02:08:22 · 2 answers · asked by Cindie lou 1 in Business & Finance ➔ Investing

2 answers

I disagree with the previous answer.

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34.4%

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5.4%

2007-02-15 02:56:53 · answer #1 · answered by zman492 7 · 1⤊ 0⤋

the answer to both of these will be dependent upon how often your interest is figured. Is it annually, quarterly, monthly, daily?
This info is needed to know for sure.

2007-02-15 10:23:57 · answer #2 · answered by Matthew H 2 · 0⤊ 0⤋