Question
1) You have an investment account that started with $3,000 10 years ago and which now has grown to $11,000. a. What annual rate of
1) You have an investment account that started with $3,000 10 years ago and which now has grown to $11,000.
a. What annual rate of return have you earned (you have made no additional contributions to the account)?
b. If the savings bond earns 16% per year from now on, what will the account's value be 10 years from now?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
