Problemsam johnson invested in gold us coins ten years ago, Ask an Expert

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Problem:

Sam Johnson invested in gold U.S coins ten years ago, paying $216.53 for one ounce gold double eagle coins. He could sell these coins for $ 734 today.

Required:

Question: What was his annual rate of return for this investment?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171175

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