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
-
Suitable Grade Level
College level or above (Finance/Investment Math)
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