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# After investing into a mutual fund for three years, you obtain a total return of 50%. (Rounded to two decimals) 1What is the annual return in percentage terms? 2What is the monthly return in percentage terms?

After investing into a mutual fund for three years, you obtain a total return of 50%. (Rounded to two decimals)

（1）What is the annual return in percentage terms?

（2）What is the monthly return in percentage terms?

- Expert Answer

## To determine the annual and monthly returns we can use the formula for compound interes View the full answer

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