Zaira L.

asked • 04/10/21

An investor wants to analyze the earnings of a mutual fund account. Seven years ago, the value of the account was $23,000 and it is now worth $28,750

An investor wants to analyze the earnings of a mutual fund account. Seven years ago, the value of the account was $23,000 and it is now worth $28,750 (no additional deposits were made). If the account is compared to a bank account paying interest that is compounded continuously, what interest rate would the bank account have to pay to match the mutual fund accounts earnings?


Interest Rate ≈ __?__%

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