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2. You meet with your investment advisor and she says, “You can expect your investment in...

2. You meet with your investment advisor and she says, “You can expect your investment in this portfolio to double in only 15 years!” What annual return is she promising?
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Answer #1

We need to solve the fallowing equation to calculate the required rate of return:

So the required return is 4.73% so that the initial investment will double in 15 years

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