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You invest $100,000 in an account and earn 20% in the first year, you lose 10% the second year and you earn 40% the third
You invest $100,000 in an account and earn 20% in the first year, you lose 10% the second year and you earn 40% the third year. Calculate the ending value in this account after the third year. What is your effective annual rate on this investment
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
