u have an investment account that started with $4,000 10 years ago and which now has grown to $9,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the savings bond earns 13% per year from now on, what will the account's val
u have an investment account that started with $4,000 10 years ago and which now has grown to $9,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the savings bond earns 13% per year from now on, what will the account's val
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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You have an investment account that started with $4,000 10 years ago and which now has grown to $9,000.
a. What annual
b. If the savings bond earns 13% per year from now on, what will the account's value be 10 years from now?
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