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You started an investment account 10 years ago with $2100, and it now has grown to $8900. a. What annual rate of return have you
You started an investment account 10 years ago with
$2100, and it now has grown to $8900.
a. What annual rate of return have you earned (you have made no additional contributions to the account)?
b. If the investment account earns 13% per year from now on, what will the account's value be ten years from now?
a. The annual rate of return is ?%.
(Round to two decimal places.)
b. The account's value will be $???.
(Round to the nearest dollar.)
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