Question 7.16: An engineer’s employer offers a 401(k) that is invested in t...

Engineering Economic Analysis

An engineer’s employer offers a 401(k) that is invested in the stock market. The engineer deposited $1500 on September 16, 2019, and another $2200 on June 8, 2020. If the account is worth $3840 on August 10, 2020, what annual rate of return has the engineer’s account earned?

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