o What annual rate of return is earned on a $5,000 investment when it grows to $9,500
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Question:
oWhat annual rate of return is earned on a $5,000 investment when it grows to $9,500 in five years?" (Cornett et al.,2019, p. 109).
Recalculate the rate of return, assuming the growth occurred in four years, and again, assuming the growth occurred in sixyears.
oDistinguished-level: Describe the relationship between changes in the amount of time and the changes in annual rate of return.
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