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Four years ago, your mother invested $10,000 in the Alpha Mutual Fund to provide money for your college education. All dividends were reinvested in the
Four years ago, your mother invested $10,000 in the Alpha Mutual Fund to provide money for your college education. All dividends were reinvested in the fund. Now the money is needed. The value of the shares in the fund is $14,116. What annual rate of return was earned on the original $10,000 investment?
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Bank Management and Financial Services
Authors: Peter Rose, Sylvia Hudgins
9th edition
78034671, 978-0078034671
