Order the answer to: An engineer who was contemplating…
| Question | An engineer who was contemplating retirement had $1.6 million in his investment However, a severe recession caused his to decrease to only 55% of the original amount, so he kept working. If he was able to invest his money at a rate of return of 9% per year after the recession ended, how many years did it take for his account to get back to the $1.6 million value? |
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| Subject | business-economics |
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