Warren buffet has been earning an annual rate of return

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Warren Buffet has been earning an annual rate of return of 20.5% since he started his investing company. Assume that Londo Mollari put a lump-sum $25,000 under Warren Buffet’s management since 1970, how much money would he have by Year 2010?    FV = $43,393,221.

a. below $10,000,000.

b. between $10,000,000 and $20,000,000.

c. between $20,000,000 and $30,000,000.

d. between $30,000,000 and $40,000,000.

e. more than $40,000,000.

Reference no: EM13729267

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