You have an investment account that started with

$2 comma 0002,000

1010

years ago and which now has grown to

$6 comma 0006,000.

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 %16%

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

1010

years from now?

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

Your annual rate of return is

nothing%.

(Round to two decimal places.)