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Rickos Rickos
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7 years ago
Michael Lynch invested $10,000 in the Rearguard Fund four years ago.  All earnings were reinvested in the fund.  If his compound annual rate of return was 7%, what is his investment worth today (round to the nearest dollar)?
A) $13,108
B) $10,700
C) $12,800
D) $763
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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