Rixie deposits ($ 23,000) in the stock of DEF company. After 12 years, her stock is worth

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Rixie deposits $\$ 23,000$ in the stock of DEF company. After 12 years, her stock is worth $\$ 108,501.30$.

1. What is Rixie's return on investment?

2. What is Rixie's annual return?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 30, 2024 09:04 AM

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Rixie deposits ($ 23,000) in the stock of DEF company. After 12 years, her stock is worth

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Contemporary Mathematics

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