You invest $100,000 in an account and earn 20% in the first year, you lose 10% the

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You invest $100,000 in an account and earn 20% in the first year, you lose 10% the second year and you earn 40% the third year.

Calculate the ending value in this account after the third year.

What is your effective annual rate on this investment?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Nov 19, 2023 05:14 AM

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You invest $100,000 in an account and earn 20% in the first year, you lose 10% the

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Income Tax Fundamentals 2013

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