Who knows the right answer to this math question?
 

In 1986 Frank invested $10,000 into his X account.
In 2004 Frank has $160,340.92 in his X account.
Frank's account size increased at the same rate each year.
At what percentage did his account increase year to year?

Its about a 16% rate of return...but of course.....we don't know what months he started/ended ;-)

XPorn

pi :glugglug

more details, was it continuously increasing, did it increase once a year, once a month.

Continuously increasing

compounded quarterly??

That is more like 6.9% :winkwink:

Continuously

More details... Man you're as abstract as my HS math teacher...

Say exactly what details you need

that's such an easy question..

10,000(1+x)^17 = 160,340.92


:sleep

16.66666666666%

What do I win.. $10,000????? Where's Rick!

18 percent? beats me.

yeah you are right. all u gotta do now is solve for X. ill get a fuckin paper and do it now

if I did it right it should be .1772940
so about 17.72%

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