Question

Time

Value
Today S400.00
After 1 year S416.00
After 2 year S432.64
After 3 year $149.95
After 4 year S467.95
After 5 year S486.67
The growth factor that can be used to multiply each value to determine the next value i

Answer 1

There is a typo, After 3 year the value should be $494.95

Growth rate = (486.67/400)^1/5 - 1

= 4 %