You have an investment account that started with $4,000 10 years ago and which now has grown to $11,000. a. What annual rate of return have you earned ( you have made no additional contributions to the account ) ? round to two decimals places. b. If the savings bond earns 13% per year from now on, what will the accounts's value be 10 years from now ?

You have an investment account that started with $4,000 10 years ago and which now has grown to $11,000. a. What annual rate of return have you earned ( you have made no additional contributions to the account ) ? round to two decimals places. b. If the savings bond earns 13% per year from now on, what will the accounts's value be 10 years from now ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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