An investor wants to analyze the earnings of a mutual fund account. Seven years ago, the value of the account was $22,000 and it

Question

An investor wants to analyze the earnings of a mutual fund account. Seven years ago, the value of the account was $22,000 and it is now worth $27,500 (no additional deposits were made). If the account is compared to a bank account paying interest that is compounded continuously, what interest rate would the bank account have to pay to match the mutual fund accounts earnings?

Kunduz · Accepted Answer

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