Suppose that $12,000 is invested in a bond fund and the

Last updated: 7/14/2022

Suppose that $12,000 is invested in a bond fund and the account grows to $14,146.32 in 5 yr. (a) Use the model A=Pe to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps. The average rate of return under continuous compounding is approximately