Over a 10-year period, the Growth Fund of America had annual returns of 0.02%, 29.8%, 14.84%, 26.86%, 31.78%, 45.7%, 7.49%, 12.2%, 22.02%, and 32.9%. What fixed annually compounded rate of return did the fund realize over the 10 years?

A sum of $84,100 was invested for 2 years and matured at $101,268 using quarterly compounding. What quarterly compounded interest rate was realized? What is this effectively?

A $10,000 loan at 8.15% compounded quarterly is to be repaid by two payments. The first payment is due in 9 months and the second payment, 1 times the size of the first payment, is due in 33 months. Determine the amount of each payment.

Answer rating: 100% (QA)

To calculate the fixed annually compounded rate of return for the Growth Fund of America over the 10 years we can use the formula for compound annual ... View the full answer