What is gregs effective annual rate

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Reference no: EM13870623

At one point, Greg was having four packs of gum a day. Each pack of gum costs $2.00 Greg decides to cut his gum usage to 2 packs a day and invest his savings in large-cap stocks with a yield of 12.7% per year historically. Greg has 30 years to invest and starts his saving the following day. Use daily compounding.

What is Greg's nest egg?

What is Greg's effective annual rate?

Reference no: EM13870623

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What is gregs effective annual rate : At one point, Greg was having four packs of gum a day. Each pack of gum costs $2.00 Greg decides to cut his gum usage to 2 packs a day and invest his savings in large-cap stocks with a yield of 12.7% per year historically. Greg has 30 years to invest..

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