An engineer invested 10000 in the stock market for the


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: An engineer invested 10000 in the stock market for the
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