Question: Question 6 (1 point) How long will it take for an investment to grow from $1,000 to $4,500 if it earns 7.07% compounded quarterly? Express

Question 6 (1 point) How long will it take for an

Question 6 (1 point) How long will it take for an investment to grow from $1,000 to $4,500 if it earns 7.07% compounded quarterly? Express your answer in years rounded to 2 decimal places. Your Answer: Answer Question 7 (1 point) Shares in Megacorp increased in value by 7.14% in 2006, 7.79% in 2007, dropped by 11.50% in 2008 and rose again by 6.23% in 2009. Calculate the overall rate of return of Megacorp shares over the 4 year time period? Round your answer to 2 decimal places. Your

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