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What is the compound annual rate of return

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Reference no: EM132348694

You give someone $1k eight years ago in order to receive $4,021 today. What is the compound annual rate of return?

Later, you discover that you will only receive $700. If you do in fact receive the $700 today, what compound annual rate of return will you earn over the eight year period?

Reference no: EM132348694

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