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[Solved] An investment prospectus forecasts that over a 20 year period an initial investment of $50,000 will be worth $233,048, based on an annual rate

Question: An investment prospectus forecasts that over a 20 year period an initial investment of $50,000 will be worth $233,048, based on an annual rate of return of 8%. Explain how this financial prospectus could potentially mislead a naive investor, even if the rate of return of the 20 year period had a mean of 8%.

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