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2.5 Exercise 10

Avg difficulty 2.5

An initial investment of $20,000 grows at a rate of 9% for five years. What is its final value?

OpenStax Introductory Business Statistics 2e, 2.5 Geometric Mean, exercise 10

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Adapted from Introductory Business Statistics 2e © 2023 Rice University. Licensed under CC BY 4.0. Source: Introductory Business Statistics 2e. Imported at revision 50ec917.