contestada

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

Respuesta :

danishmujtabaqureshi

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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