Juan invested $25,000 in a mutual fund 3 yr ago. Today his investment is worth $33,639. Find

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Juan invested $25,000 in a mutual fund 3 yr ago. Today his investment is worth $33,639. Find the effective annual rate of return on his investment over the 3-yr period. (Round your answer to two decimal places.)

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Managerial Accounting An Introduction to Concepts Methods and Uses

ISBN: 978-0324639766

10th Edition

Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil

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Posted Date: Feb 05, 2024 12:25 PM

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Juan invested $25,000 in a mutual fund 3 yr ago. Today his investment is worth $33,639. Find

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The effective annual rate of return on Juans investment is 104 This is the true re... View the full answer

Managerial Accounting An Introduction to Concepts Methods and Uses

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