5.4 The $1,000 investment grew to $4,000 in 5 years. FV PVX(1+ry 4,000 1,000 (1+r)5 (1+r)=4.0 (1+r)...
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5.4 The $1,000 investment grew to $4,000 in 5 years. FV PVX(1+ry 4,000 1,000 (1+r)5 (1+r)=4.0 (1+r) 4.01/5 r=.32, or 32% 1.32
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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