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Problem 5 - 3 Compound Interest ( LO 1 ) Suppose that the value of an investment in the stock market has increased at an
Problem Compound Interest LO
Suppose that the value of an investment in the stock market has increased at an average compound rate of about since It is
now
Note: For all requirements, do not round intermediate calculations. Round your answer to decimal places.
a If your greatgrandfather invested $ in how much would that investment be worth today?
b If an investment in has grown to $ million, how much was invested in
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