If an investor buys shares in a no-load mutual fund for $39 and after eight years the shares appreciate to $47, what is (1) the percentage return and (2) the annual compound rate of return using time value of money? Round your answers to two decimal places.

Percentage return:   %

The annual compound rate of return:   %

Answer rating: 100% (QA)

To calculate the percentage return and the annual compound rate of return well use the following for... View the full answer