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Ten years ago, you gave Barney Madoff $10,000 in exchange for his promise to give you $40,456 today. What compound annual rate of return was
Ten years ago, you gave Barney Madoff $10,000 in exchange for his promise to give you $40,456 today. What compound annual rate of return was Barney promising? Unfortunately, today Barney told you that he can only give you $4000. If you get the $4000 today, what compound annual rate of return will you earn over the ten-year period
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