Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPOT Suppose that $30,000 invested in Microsoft at its IPO price had been worth $1,800,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent? (Round your answer to two decimal places.)
Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPOT Suppose that $30,000 invested in Microsoft at its IPO price had been worth $1,800,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent? (Round your answer to two decimal places.)
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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