Question:

At the end of 20 years, an initial investment of $10,000

Last updated: 7/22/2022

At the end of 20 years, an initial investment of $10,000

At the end of 20 years, an initial investment of $10,000 grows to $51,551.70. Use the continuous compounding formula to determine the annual rate of return. Write your answer in decimal form rounded to three decimal places. Do NOT convert your answer to a percentage.