r100 = (1 + r1)100 1 = 1.05100 1 = 130.5 13,050%. In words,
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r100
= (1 + r1)100 − 1 = 1.05100 − 1 = 130.5 ≈ 13,050%. In words, this is about 130 times the initial investment, and substantially more than 500% (5 times the initial investment).
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