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Suppose you invest $1.5 million now. At the end of 10 years from now, your investment is worth $1.88 million. 1) What is the estimate

Suppose you invest $1.5 million now. At the end of 10 years from now, your investment is worth $1.88 million.

1) What is the estimate of the total rate of return on your investment over the 10 years holding period? Make sure to SHOW FORMULA USED.

2) What is the annual compound average rate of return of your investment over the 10 years holding period? Make sure to SHOW FORMULA USED.

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