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What annual rate of return have you earned

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You started an investment account 10 years ago with $1000, and it now has grown to $5000.

a. What annual rate of return have you earned (you have made no additional contributions to the account)?

b. If the investment account earns 15% per year from now on, what will the account's value be ten years from now?

Reference no: EM133120120

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