Math Problem Statement

The annual return is

enter your response here​%.

​(Do not round until the final answer. Then round to one decimal place as​ needed.)

Solution

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Math Problem Analysis

Mathematical Concepts

Finance
Annual Return
Percentage Calculation

Formulas

Annual Return = (Final Value / Initial Value)^(1/n) - 1

Theorems

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Suitable Grade Level

College level or above (Finance/Investment Math)