You have an investment account that started with $4,000 10 years ago and which now has grown to $10,000. a. What annual rate of return have you earned (you have made no additional contribution to the account)? b. If the savings bond earns 14% per year from now on, what will the account's value be 10 years from now?
You have an investment account that started with $4,000 10 years ago and which now has grown to $10,000. a. What annual rate of return have you earned (you have made no additional contribution to the account)? b. If the savings bond earns 14% per year from now on, what will the account's value be 10 years from now?
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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