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Amount of time and changes in annual rate of return

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What annual rate of return is earned on a $5,000 investment when it grows to $9,500 in five years? Recalculate the rate of return, assuming the growth occurred in four years and again, assuming the growth occurred in six years. Describe the relationship between changes in the amount of time and the changes in annual rate of return.

Reference no: EM131187561

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