Your financial advisor tells you that if you earn the historical rate of return on a certain mutual fund,then in three years your $20,000 will grow to $23,152.50.What rate of interest does your financial advisor expect you to earn?
A)5 percent
B)6 percent
C)7 percent
D)8 percent

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The Answer of Your financial advisor tells you that if you earn the historical rate of return on a certain mutual fund,then in three years your $20,000 will grow to $23,152.50.What rate of interest does your financial advisor expect you to earn?
A)5 percent
B)6 percent
C)7 percent
D)8 percent

Your Financial Advisor Tells You That If You Earn the Historical