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Sam inherited $ 9 5 0 , 0 0 0 . What annual rate of return must Sam earn to make it worth $ 3

Sam inherited $950,000. What annual rate of return must Sam earn to make it worth $3 million at the end of
the 10 th year? [Answer Format Example: 15.15% should be entered as 15.15. Do not type "%" symbol]
5. If Sam invests the inheritance at 17% annual return, how long should he have to wait to make it worth $2
million? [Answer Example: For 5.2 years, Enter 5.2. Do not type in "years"]

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