Question
You have an investment account that started with $2,000 10 years ago and which now has grown to $7,000. a. What annual rate of return
You have an investment account that started with $2,000 10 years ago and which now has grown to $7,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the investment account earns 15 % per year from now on, what will the account's value be 10 years from now?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
