What annual rate of return have you earned, Finance Basics

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What annual rate of return have you earned

Problem

You have an investment account that started with $4,000 10 years ago and which now has grown to $10,000.

1. What annual rate of return have you earned (you have made no additional contributions to the account)?

2. If the savings bond earns 16% per year from now on, what will the account's value be 10 years from now?

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