Business, 04.12.2019 01:31 vanessasanmarti8630
You made an investment of $12,000 into an account that paid you an annual interest rate of 3.5 percent for the first 5 years and 7.9 percent for the next 15 years. what was your annual rate of return over the entire 20 years
Answers: 3
![[(1+r)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1](/tpl/images/0402/0186/72a79.png)
  ...................1![[(1+)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1](/tpl/images/0402/0186/664e0.png)
![[(1+0.035)^{5} * (1+0.079)^{15}]^{\frac{1}{5+15}} - 1](/tpl/images/0402/0186/69b45.png)
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