If Connor Mack bought rare coins for $40,000 12 years ago, and they are worth $200,000 now,

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If Connor Mack bought rare coins for $40,000 12 years ago, and they are worth $200,000 now, what annual rate of return did he make on hisinvestment (assume annual compounding)?

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Aug 15, 2023 06:09 AM

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If Connor Mack bought rare coins for $40,000 12 years ago, and they are worth $200,000 now,

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Financial Accounting and Reporting a Global Perspective

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