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1. A biomedical equipment manufacturer invested $2 million in stocks 4 years ago that has current market value of 2.5 million dollars. Calculate the rate
1. A biomedical equipment manufacturer invested $2 million in stocks 4 years ago that has current market value of 2.5 million dollars. Calculate the rate of return per year based on a. Simple interest b. Compound interest (show your answer in 2 decimal places)
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