At one point greg was having four packs of gum a day each, Financial Management

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At one point greg was having four packs of gum a day each

At one point, Greg was having four packs of gum a day. Each pack of gum costs $2.00 Greg decides to cut his gum usage to 2 packs a day and invest his savings in large-cap stocks with a yield of 12.7% per year historically. Greg has 30 years to invest and starts his saving the following day. Use daily compounding.

What is Greg's nest egg?

What is Greg's effective annual rate?

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Financial Management: At one point greg was having four packs of gum a day each

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Financial Management: At one point greg was having four packs of gum a day each

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