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Today, you decide to invest $11,000 for 22 years. If you can earn 12.58 percent for the first 9 years and 13.77 percent for the remaining 13 years, what is the growth (compound) rate you earn over the entire 22 year investment horizon? O 13.68% O 13.07% O 13.18% O 13.28% O 12.78%

Today, you decide to invest $11,000 for 22 years. If you can earn 12.58 percent for the first 9 years and 13.77 percent for the remaining 13 years, what is the growth (compound) rate you earn over the entire 22 year investment horizon? O 13.68% O 13.07% O 13.18% O 13.28% O 12.78%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Today, you decide to invest $11,000 for 22 years. If you can earn 12.58 percent for the first 9 years and 13.77 percent for the remaining 13 years, what is the growth (compound) rate you earn over the entire 22 year investment horizon? O 13.68% O 13.07% O 13.18% O 13.28% O 12.78%
Transcribed Image Text:Today, you decide to invest $11,000 for 22 years. If you can earn 12.58 percent for the first 9 years and 13.77 percent for the remaining 13 years, what is the growth (compound) rate you earn over the entire 22 year investment horizon? O 13.68% O 13.07% O 13.18% O 13.28% O 12.78%
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