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Explain the 5-year investment plan

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Your ?rstryear roommate has a startup and implores you to invest. They say they'll double your money by graduation. You have $5,000 burning a hole in your bank account, but had been considering the stock market as your 5-year investment plan (or shenanigans around the city). lfyour new roommate could double your money in 5 years, what interest rate would the stock market have to achieve to be equivalent, if we compounded quarterly?

Reference no: EM133115689

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