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27. According to The New York Times, During the fourteen years Mitt Romney) ran lt, Capital's investments reportedly earned an annual rate of return of
27. According to The New York Times, During the fourteen years Mitt Romney) ran lt, Capital's investments reportedly earned an annual rate of return of over 100 percent potentially turning an initial investment of $1 million into more than $14 million by the time he left in 1998." 27a. What rate of return, compounded annually, would turn $1 million into $14 million by 1998? 27b. The actual rate of return of Bain Capital during the 14 years that Romney ran it was 113%. How much would $1 million, compounded annually at this rate, be worth after 14 years
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