CFAI-2007-AM-Q5-B

Endowments. “CU endowments current market value of $500million reflects an approximate 0.5% coumpund growth rate over 2003-2006” How did they get this 0.5% number?. Help!

I am getting 0.41% PV = 490, FV = 500, PMT =0 and N=1 I think this is what they mean…