Multiple Choice
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?
A) $1,310.80
B) $10,700
C) $12,800
D) $762.89
Correct Answer:
Verified
Correct Answer:
Verified
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