Early last year, the Zoe Growth Fund ran advertisements in the financial pages of major newspapers....
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Early last year, the Zoe Growth Fund ran advertisements in the financial pages of major newspapers. The "ad" had primarily empty space containing the simple message: $15,000 INVESTED IN ZOEINVESTMENT GROWTH FUND ON DECEMBER 31, 1974 WOULD BE WORTH $8.70 MILLION ON DECEMBER 31, 2023 What annual rate of return did the fund realize over the period ending December 31 last year if interest was compounded quarterly? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example, 34.56% Early last year, the Zoe Growth Fund ran advertisements in the financial pages of major newspapers. The "ad" had primarily empty space containing the simple message: $15,000 INVESTED IN ZOEINVESTMENT GROWTH FUND ON DECEMBER 31, 1974 WOULD BE WORTH $8.70 MILLION ON DECEMBER 31, 2023 What annual rate of return did the fund realize over the period ending December 31 last year if interest was compounded quarterly? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example, 34.56%
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