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Anne invested $40,000 in a start-up company in 2009, with the agreement that she would receive fixed annual returns at 10% interest compounded annually over
Anne invested $40,000 in a start-up company in 2009, with the agreement that she would receive fixed annual returns at 10% interest compounded annually over a 10-year period. However, due to unexpected financial problems, the company wasnt able to pay her any return for the initial 3 years. What should be the adjusted annual returns for the remaining 7 years, so that the annual returns are still equivalent to the original investment.
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