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What is average annual rate of return on investments

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Reference no: EM132899690

Problem 1: You have been investing $120 a month for the last 15 years. Today, your investment account is worth $47,341.19. What is your average annual rate of return on your investments? While you may calculate a monthly average return, the question asks for an annual rate of return.

A. 9.34 percent
B. 9.37 percent
C. 9.40 percent
D. 9.42 percent
E. 9.46 percent

Reference no: EM132899690

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