An investment grew in value from $14,380 to $21,570 during a five-year period. During that same period,

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An investment grew in value from $14,380 to $21,570 during a five-year period. During that same period, the Consumer Price Index rose from 116.5 to 125.2. What was the compound annual real rate of return during the five years?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:37 AM

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An investment grew in value from $14,380 to $21,570 during a five-year period. During that same period,

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To simply maintain purchasing power 14380 must grow to 143801...View the full answer

Fundamentals Of Business Mathematics In Canada

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