A young boy invested 50 to plant christmas trees on his, Ask an Expert

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A young boy invested $50 to plant Christmas trees on his grandfather’s farm. When the boy was a freshman in college, six years later, he harvested the trees and sold them for $400. What annual rate of return (i.e. interest rate) did he learn on the investment, assuming he incurred no expenses in the interval?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91381347

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