What is the holding rate of return for a 20 year investment which earns 5%/year each year? What would a $200 investment grow to?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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What is the holding rate solve this general accounting question

What is the holding rate of return for a 20
year investment which earns 5%/year each
year? What would a $200 investment grow
to?
Transcribed Image Text:What is the holding rate of return for a 20 year investment which earns 5%/year each year? What would a $200 investment grow to?
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