32. You have an investment account that started with $1000 10 years ago and which now has...
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32. You have an investment account that started with $1000 10 years ago and which now has grown to $5000.
a. What annual rate of return have you earned (you have made no additional contributions to the account)?
b. If the savings bond earns 15% per year from now on, what will the account’s value be 10 years from now?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780134475561
4th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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