Question: Kim has taken a big step toward saving for her house. She has accumulated $ 5 6 , 7 5 0 . 0 0 for

Kim has taken a big step toward saving for her house. She has accumulated $56,750.00 for her down payment. Kim began with an initial investment of $35,000.00. She has been investing for 9 years.
What is Kim's holding period rate of return (1)?
What is her average annual rate of return (2)?
Kim has taken a big step toward saving for her house.

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