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jonny [76]
3 years ago
8

An investment grows by 22% over a 5 year period. What is its effective annual percent growth rate

Mathematics
1 answer:
iren2701 [21]3 years ago
3 0
Since annual means per year, then you need to divide 22 by 5.

5 / 22 = 4.4

Now lets check our work.

4.4 x 5 = 22
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