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31 August, 12:16

An investment grows by 22% over a 5 year period. What is its effective annual percent growth rate

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  1. 31 August, 12:41
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    Since annual means per year, then you need to divide 22 by 5.

    5 / 22 = 4.4

    Now lets check our work.

    4.4 x 5 = 22
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