sencheurikabin sencheurikabin

09-10-2021
Mathematics

contestada

Your grandfather placed $5,000 in a trust fund for you. In 12 years, the fund will be
worth $10,000. What is the rate of return on the trust fund?

Respuesta :

JosephAaron2123 JosephAaron2123

09-10-2021

Answer:

fv/pv=(1+r)^n

10,000/5000=(1+r%)^12

2=(1+r%)^12

r= 5.95

Answer Link

destinyosoba2006 destinyosoba2006

09-10-2021

Step-by-step explanation:

fv/pv=(1 + r)^n

10000/5000=(1 + r%)^12

2=(1 + r%)^12

r=5.95

Answer Link

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