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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Fundamentals Of Corporate Finance

ISBN: 9780134475561

4th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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