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What rate of return would an investor have to earn in order

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Your arch nemesis, who happens to be an accounting major, makes the following remark, “You finance types think you know it all.well, let’s see if you can tell me, without using a financial calculator, what rate of return would an investor have to earn in order to double $100 in 6 years?” How would you respond?

Reference no: EM131149013

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