Solution-The account has earned an average annual rate of

The account has earned an average annual rate of return of

Reference no: EM13571405

When you were born, your parents opened an investment account in your name and deposited $2,000 into the account. The account has earned an average annual rate of return of 8 percent. Today, the account is valued at $21,735.34. How old are you?

Reference no: EM13571405

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The account has earned an average annual rate of return of

Reference no: EM13571405

Reference no: EM13571405

Questions Cloud

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Finance Basics Questions & Answers

Financial reporting and analysis

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Describe the types of financial ratios

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What are the implied interest rates

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Effect of financial leverage

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