An investor bought stock for $40,000. Fifteen years later, the stock was sold for $60,000. If...

 

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An investor bought stock for $40,000. Fifteen years later, the stock was sold for $60,000. If interest is compounded continuously, what annual nominal rate of interest did the original $40,000 investment earn? The annual nominal rate of interest earned is ] % (Round to two decimal places as needed.) An investor bought stock for $40,000. Fifteen years later, the stock was sold for $60,000. If interest is compounded continuously, what annual nominal rate of interest did the original $40,000 investment earn? The annual nominal rate of interest earned is ] % (Round to two decimal places as needed.)

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