The Annual Return is the average Annual Percentage Yield (APY) of an investment over a -year time period.
Annual Return
Evelyn pays $5,000 for shares in a new company. She sells the shares 10 years later for $21,000. What was her annual return on this investment? Round your answer to the nearest tenth of a percent.
The Annual Return on Evelyn's investment is %
Annual Return
Evelyn pays $5,000 for shares in a new company. She sells the shares 10 years later for $21,000. What was her annual return on this investment? Round your answer to the nearest tenth of a percent.
The Annual Return on Evelyn's investment is %