You have an investment account that started with

$1 comma 000

10

years ago and which now has grown to

$6 comma 000

.

a. What annual rate of return have you earned (you have made no additional contributions to the account)?

b. If the investment account earns

16 %

per year from now on, what will the account's value be

10

years from now?

a. What annual rate of return have you earned (you have made no additional contributions to the account)?