by tovarichpeter ➕follow (6) 💰tip ignore
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"Founders Fund is returning $4.60 on every dollar invested as part of its fourth fund in 2011, The (Wall Street) Journal said."
That is about a 21% annual growth rate from 2011 to present day.
principal (1+interest rate) ^ term = $4.60
principal = $1
interest rate = 21% = 0.21
term = 8 years
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