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Mr. John deposits $250,000 now and expects to get $400,000 after 6 years. (a) What would be her expected rate of return? (b) If she
Mr. John deposits $250,000 now and expects to get $400,000 after 6 years.
(a) What would be her expected rate of return?
(b) If she expects to get double after three years, what rate of return is he expecting?
(c) Explain the change in the answers from (a) to (b) above.
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