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What were scheiber total and annual returns

Assignment Help Basic Statistics
Reference no: EM132415884

Problem: In December 1995, 101-year-old Anne Scheiber died and left $22 million to Yeshiva University. This fortune was accumulated through shrewd and patient investment of a $5000 nest egg over the course of 50 years.

Required:

  • In turning $5000 into $22 million, what were Scheiber's total and annual returns?
  • How did her annual returns compare to the average of 6.3% annual return for stocks over the period of 1900 - 2012?

Reference no: EM132415884

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