An Initial Investment of $10,000 Twenty Years Ago Is Worth

question 22

Multiple Choice

An initial investment of $10,000 twenty years ago is worth $119,379 today. What was the geometric average return per year over this 20-year period?

• A) 10.5%
• B) 11.1%
• C) 11.7%
• D) 12.4%
• E) 13.2%

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