Math Problem Statement
Compute the total and annual returns on the following investment.
Ten years after purchasing shares in a stock for $6200, the shares are sold for $12,400
The total return is % Round answer to nearest percent
The annual return is % Round answer to nearest 0.1 percent
Solution
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Math Problem Analysis
Mathematical Concepts
Investment Return
Percentage
Compound Annual Growth Rate (CAGR)
Formulas
Total Return = (Final Value - Initial Value) / Initial Value * 100
Annual Return (CAGR) = (Final Value / Initial Value)^(1/n) - 1
Theorems
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Suitable Grade Level
Grades 10-12
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