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What is your average annual rate of return on investment

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Reference no: EM132992354

Question - You have been investing $120 a month for the last 15 years (180 months). Today, your investment account is worth $47,341.19. What is your average annual rate of return on your investments? (Hint: You are calculating a monthly rate that needs to be converted to a yearly rate)

A. 9.34 percent

B. 9.37 percent

C. 9.40 percent

D. 9.42 percent

E. 9.46 percent

Reference no: EM132992354

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