Your grandfather placed $2,000 in a trust fund for you. In 10 years the fund will be

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Your grandfather placed $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. What is the rate of return on the trust fund?

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Accounting Texts and Cases

ISBN: 978-1259097126

13th edition

Authors: Robert Anthony, David Hawkins, Kenneth Merchant

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Posted Date: Feb 24, 2024 12:56 AM

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Your grandfather placed $2,000 in a trust fund for you. In 10 years the fund will be

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Here are two ways to calculate the rate of return on the trust fund Method 1 Simple Interest Assume ... View the full answer

Accounting Texts and Cases

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