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Your Grandfather upon your birth invested $ 5 0 0 0 into an account for you. The account has earned an annual rate of 1
Your Grandfather upon your birth invested $ into an account for you. The account has earned an annual rate of a year. On your st birthday you could withdraw the accumulated amount. How much can you withdraw?
Now suppose, there is $ in the account. What rate of return did we receive?
I want to have $ on my st birthday. If I could have earned a year, how much would my grandfather have had to invest in the account for me to reach $
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