Question: SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 25) Your aunt is bragging about the great investment

SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 25) Your aunt is bragging about the great investment she made in a house that she bought 25) 30 years ago for $20,000 and has just sold for $65,000 a. Calculate the rate of return on this investment. b. If the average annual rate of inflation has been 3 percent during this period, was this "a great investment?" Explain. 26) How long would it take for your money to triple if you invested it at 9 percent 26) compounded annually? 27) Bill O'Blarney tells you that he plans to give you $1 million as a birthday present on 27) your 75th birthday. You are now 25-and a bit skeptical. You suggest that he deposit the present value of this nice gift today in an investment account for you. If the investment could earn 8 percent annually for the next 50 years, how much should hodeposit today? (Ignore taxes.)

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