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What are the steps using the financial calculator

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If a firm's earnings grow from $1 to $2 over a thirteen year period, the total growth rate would be 100%, but the annual growth rate would be less than 10%. True or False? Please explain, and you must show your calculations. Please carry your answer to two decimal places.

What are the steps using the financial calculator and or excel spreadsheet? We can not use the algebraic formula for the answer.

Reference no: EM132798402

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