What annual rate of return is earned

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What annual rate of return is earned on a $2,400 investment when it grows to $5,300 in twenty years?

How many years will the following take? $541 to grow to $13,006 if invested at 12.71 percent, compounded annually.

You have decided to place $270 in equal deposits every month at the beginning of the month into a savings account earning 7.63 percent per year, compounded monthly for the next 9 years. The first deposit is made today. How much money will be in the account at the end of that time period?

Reference no: EM131321707

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