[Solved] 9 . Suppose you paid $ 1 0 0 , 0 0 0 for

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9 . Suppose you paid $ 1 0 0 , 0 0 0 for an investment that promises to pay you $ 1 5 0

9 .

Suppose you paid $

100, 000

for an investment that promises to pay you $

150, 000

10

years. If you required return is

4 %

per year, was this a good deal?

10 .

If you invest $

10, 000

today in an account earning

8 %

per year, how many years until you have doubled your money? Tripled your money?

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