Average annual return for? stocks

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One? December, a? 101-year-old woman died and left ?$24 million to a university. This fortune was accumulated through shrewd and patient investment of a ?$5000 nest egg over the course of 48 years. In turning ?$5000 into $24 ?million, what were the total and annual? returns? How did her annual return compare to the? 6.3% average annual return for? stocks?

Reference no: EM132390845

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