An engineer invested 10000 in the stock market for the, Ask an Expert

Economics

An engineer invested $10,000 in the stock market. For the first six years, the average return was 8% annually. For the next four years, the return as 4% annually. What is the value of the account after 10 years? What is the effective annual rate of return (assume annual compounding)?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708051

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