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In addition to your answer you must show your entries for N, I, PV, PMT, FV . You accumulate, over a ten year period, a
In addition to your answer you must show your entries for N, I, PV, PMT, FV
. You accumulate, over a ten year period, a stock portfolio worth $180,000. You started this fund with a onetime investment of $100,000. What is your annualized rate of return on the investment? Assume that your returns were compounded monthly. (Note: Don't forget to convert your periodic return to an annual return.)Step by Step Solution
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