Question
You have an investment account that started with $3,000 10 years ago and which now has grown to $9,000. a. What annual rate of return
You have an investment account that started with $3,000 10 years ago and which now has grown to $9,000.
a. What annual rate of return have you earned(you have made no additional contributions to theaccount)?
b. If the investment account earns 16% per year from nowon, what will theaccount's value be 10 years fromnow?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
