K During the thirteen years he ran it, an investment firm's CEO reportedly earned an annual rate of return of over 100 percent, potentially turning an initial investment of $1 million into more than $20 million by the time he left in 2009. a. What rate of return, compounded annually, would turn $1 million into $20 million by 2009? b. The actual rate of return during the thirteen years the CEO ran the investment firm was 111%. How much would $1 million, compounded annually, be worth after 13 years?