1. Warren Buffet has been earning an annual rate of return of 19.7% since he started his investing company. Assume that Londo Mollari put a one-time only $10,000 under Buffet’s management in Year 1970, how much money would he have by Year 2017?
a. below $10,000,000.
b. between $10,000,000 and $20,000,000.
c. between $20,000,000 and $30,000,000.
d. between $30,000,000 and $40,000,000.
e. more than $40,000,000.
2. Another investor Susan Ivanova had no money to start with, but chose to contribute piecemeal instead, $1,000 per year under Warren Buffet’s management since 1970 (see Buffet’s investment record in Q17), how much would she have by Year 2017?
a. below $10,000,000.
b. between $10,000,000 and $20,000,000.
c. between $20,000,000 and $30,000,000.
d. between $30,000,000 and $40,000,000.
e. more than $40,000,000.