Suppose that the NASDAQ Composite index hit a level of 4,698 in February of 2000. In February of 1994 it was at a level of 2,100. What was the annual average compound growth rate over the period? Express your answer to two decimal points

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18-06-2024
Business

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Suppose that the NASDAQ Composite index hit a level of 4,698 in February of 2000. In February of 1994 it was at a level of 2,100. What was the annual average compound growth rate over the period? Express your answer to two decimal points

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