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If your parents paid $180,000 for their residence 18 years ago and it is worth $420,000 today, what is the compounded annual yield on their
If your parents paid $180,000 for their residence 18 years ago and it is worth $420,000 today, what is the compounded annual yield on their home investment?
a. | 5.56% | |
b. | 7.65% | |
c. | 13.33% | |
d. | 4.82% |
You have just paid $175,000 for an low risk investment with an expected compound annual return of 1.8%. How much will the investment be worth in 10 years?
a. | $207,900 | |
b. | $175,000 | |
c. | $212,356 | |
d. | $209,178 |
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