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OneDecember, a101-year-old woman died and left $23 million to a university. This fortune was accumulated through shrewd and patient investment of a $4000 nest egg

OneDecember, a101-year-old woman died and left $23 million to a university. This fortune was accumulated through shrewd and patient investment of a $4000 nest egg over the course of 54 years. In turning $4000 into $23 million, what were the total and annualreturns? How did her annual return compare to the6.3% average annual return forstocks?

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