What if he had said that he tripled his money in the same, Financial Management

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What if he had said that he tripled his money in the same

Your friend told you that he "doubled" his investment of $10,000 in 5 years. Assuming he is telling the truth - and assuming we are talking about full 12-month years: a) what was his annual rate of return? b) What if he had said that he TRIPLED his money in the same amount of time - what would the rate of return have to be?

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Financial Management: What if he had said that he tripled his money in the same

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