Question:

An investor bought stock for $20,000. Fourteen years later,

Last updated: 7/29/2022

An investor bought stock for $20,000. Fourteen years later,

An investor bought stock for $20,000. Fourteen years later, the stock was sold for $40,000. If interest is compounded continuously, what annual nominal rate of interest did the original $20,000 investment earn? The annual nominal rate of interest earned is%. (Round to two decimal places as needed.)