What interest rate compounded annually does this, Finance Basics

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What interest rate compounded annually does this

Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO.† Suppose that $40,000 invested in Microsoft at its IPO price had been worth $2,400,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent?

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Finance Basics: What interest rate compounded annually does this

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Recent Questions Asked Finance Basics

Q : On the one hand they welcome the order because they

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Finance Basics: What interest rate compounded annually does this

Reference No:- TGS0605716

Recent Questions Asked Finance Basics

Q : On the one hand they welcome the order because they

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