One December, a 101-year-old woman died and left $22 million to a university. This fortune was...
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One December, a 101-year-old woman died and left $22 million to a university. This fortune was accumulated through shrewd and patient investment of a $5000 nest egg over the course of 45 years. In turning $5000 into $22 million, what were the total and annual returns? How did her annual return compare to the 6.3% average annual return for stocks? Her total return on the investment was % (Type a whole number.) One December, a 101-year-old woman died and left $22 million to a university. This fortune was accumulated through shrewd and patient investment of a $5000 nest egg over the course of 45 years. In turning $5000 into $22 million, what were the total and annual returns? How did her annual return compare to the 6.3% average annual return for stocks? Her total return on the investment was % (Type a whole number.)
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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