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You purchase a stock for $20 and expect its price to grow annually at a rate of 7 percent. Use Appendix A to answer the

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You purchase a stock for $20 and expect its price to grow annually at a rate of 7 percent. Use Appendix A to answer the questions. Round your answers to the nearest cent, a. What price are you expecting after six years? $ b. If the rate of increase in the price doubled from 7 percent to 14 percent would that double the viruse in the price Doubling the growth rate elect the price appreciation. The increase in the price at and atos Checy Work (tema)

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