Question

One​ December, a​ 101-year-old woman died and left ​$25 million to a university. This fortune was accumulated through shrewd and patient investment of a ​$4000 nest egg over the course of 53 years. In turning ​$4000 into ​$25 ​million, what were the total and annual​ returns? How did her annual return compare to the​ 6.3% average annual return for​ stocks?

Her total return on the investment was ____​%. ​(Type a whole​ number.)

Her annual return was ____​%, which is higher than, the same as, lower than the​ 6.3% average annual return for stocks.

Answer 1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

assumed that 4000 is deposited annually