Beginners luck earned you $1,500 at the Casino when you were 26 years old. You...
70.2K
Verified Solution
Link Copied!
Question
Finance
Beginners luck earned you $1,500 at the Casino when you were 26 years old. You used the $1,500 to buy shares in a 3D printing start-up company, which are worth $57,785.58 today.
If you are 57 years old today, what is your average annual rate of return? (Hint, what is the annual compounded interest rate?)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
