Four years ago, your mother invested $10,000 in the Alpha Mutual Fund to provide money for your college education. All dividends were reinvested in the fund. Now the money is needed. The value of the shares in the fund is $14,116. What annual rate of return was earned on the original $10,000 investment?

Answer rating: 100% (QA)

We can use the formula for compound interest to solve ... View the full answer