Your financial advisor tells you that if you earn the historical rate of return on a certain mutual fund, then in three years your $20,000 will grow to $23,152.50, What rate of interest does your financial advisor expect you to earn? Oa.6 percent O b.5 percent OC8 percent Od.7 percent

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Your financial advisor tells you that if you earn the historical rate of return on a certain mutual fund, then in three
years your $20,000 will grow to $23,152.50, What rate of interest does your financial advisor expect you to earn?
Oa.6 percent
O b.5 percent
OCB percent
Od.7 percent
Transcribed Image Text:Your financial advisor tells you that if you earn the historical rate of return on a certain mutual fund, then in three years your $20,000 will grow to $23,152.50, What rate of interest does your financial advisor expect you to earn? Oa.6 percent O b.5 percent OCB percent Od.7 percent
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