Nasdaq index has historically grown at average annual rate

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In February of 2000 the NASDAQ Composite index peaked at a level of 4,692 ?(just before the Tech Bubble? popped). In February of 2006 it was at a level of 2,076. The NASDAQ index has historically grown at an average annual rate of 9.5 %. If the index continues to grow at its historic? rate, then how many years will it take for the index to grow from its Feb 2006 level back to the Feb 2000? level? How many years will it take for the index to grow from its Feb 2006 level back to the Feb 2000? level ?

How many years will it take for the index to grow from its Feb 2006 level back to the Feb 2000? level ?

Reference no: EM131312369

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