Please answer the second part of the question.

Compute the total and annual returns on the following investment.

Twenty years after purchasing shares in a mutual fund for $6400, the shares are sold for $11,600.

The total return is 81.3%

Do not round until the final answer. Then round to one decimal place as needed.

The annual return is $____.

Do not round until the final answer. Then round to decimal place as needed.