You give a friend $10 today and he/she returns $15 three years from today. What is...
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You give a friend $10 today and he/she returns $15 three years from today. What is your return on investment in terms of the compound ANNUAL growth rate? (in % terms and take compounding into account; it would help to use your financial calculator or Excel to answer this question) You give a friend $10 today and he/she returns $15 three years from today. What is your return on investment in terms of the compound ANNUAL growth rate? (in % terms and take compounding into account; it would help to use your financial calculator or Excel to answer this question)
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To calculate the compound annual growth rate CAGR for y... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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