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if venture investors invest $1,000,000 now, will receive 25% of the exit value, and expect a 20% compounded rate of return on their investment, what
if venture investors invest $1,000,000 now, will receive 25% of the exit value, and expect a 20% compounded rate of return on their investment, what is the approximate expected exit value at the end of 5 years? a. 1,000,000 b. 2,490,000 c. 4,980,000 d. 7,470,000 e. 9,950,000 please show all work. thanks!
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