top bond fund?

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An investment of $10,000 in 1997 in the Spartan Investment Grade Bond Fund grew to $14,309.61 in 2002. Find the 5 year average annual return.

2007-02-24 11:59:23 · 3 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics

If x is the average annual % return,
then (1+x/100)^5 * 10000 = 14309.61
x = (1.430961^(1/5)-1)*100
= 7.43% per annum

2007-02-24 12:15:19 · answer #1 · answered by Anonymous · 0⤊ 1⤋

That's totally a Fidelity mutual fund.

2007-02-24 20:01:25 · answer #2 · answered by Modus Operandi 6 · 0⤊ 2⤋

roughly 8.6

2007-02-24 20:03:12 · answer #3 · answered by zaphodsclone 7 · 0⤊ 2⤋