A condominium complex was purchased by a group of private investors for $1.4 million and sold 4 year(s) later for $3.1 million. Find the annual rate of return (compounded continuously) on their investment. Round your answer to the nearest hundredth.

__________%

Question

A condominium complex was purchased by a group of private investors for $1.4 million and sold 4 year(s) later for $3.1 million. Find the annual rate of return (compounded continuously) on their investment. Round your answer to the nearest hundredth.
​
__________%

Quizplus · Accepted Answer

The Answer of A condominium complex was purchased by a group of private investors for $1.4 million and sold 4 year(s) later for $3.1 million. Find the annual rate of return (compounded continuously) on their investment. Round your answer to the nearest hundredth.
​
__________%

A Condominium Complex Was Purchased by a Group of Private