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28 October, 21:15

Time

Value

Today S400.00

After 1 year S416.00

After 2 year S432.64

After 3 year $149.95

After 4 year S467.95

After 5 year S486.67

The growth factor that can be used to multiply each value to determine the next value i

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Answers (1)
  1. 28 October, 21:38
    0
    There is a typo, After 3 year the value should be $494.95

    Growth rate = (486.67/400) ^1/5 - 1

    = 4 %
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