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A condominium complex was purchased by a group of private investors for $1.3 million and sold 5 years later for $5.5 million. Find the annual
A condominium complex was purchased by a group of private investors for $1.3 million and sold 5 years later for $5.5 million. Find the annual rate of return (compounded continuously) on their investment. (Round your answer to one decimal place.)
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