As an international manager in Europe (in the Eurozone), four years ago on June 5, 2013, you invested one million
Euros in a 4-year business venture in U.K.,expecting a £-return of 10% per year. The American term quotations on June 5, 2017 stood at $1.20/£ and £2/€; June 5, 2013 quotes were $1.5406/£ and €0.7638/$.
a) what was the Euro rate of return over the entire 4-year investment you made?
b) what was the annual growth (or decline) rate of your Euro investment?
c) what was the Euro value of your investment on June 5, 2017?
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