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Question

The average annual return r for an invesment is given by the formula r = (s/p) ^1/n -1. Where p is the initial investment and s is the amount it is worth after n years. An invesment of $10,000 in 1999 in the Shroeder Ultra investors Fund was worth $20, 130 in 2002. Find the 3-year average annual return

Answer 1

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Answer 2

19.1% per year annualized.