A local bank is offering a zerominus$$coupon certificate of deposit for$$ $$25,000.$ At$$ maturity, three years from$$ now, the investor will receive$$ $$32,000.$ What is the annual rate of return on this$$ investment?

Question content area bottom

Part $1$

A$.$

$6$ percent

B$.$

$12$ percent

C$.$

$3$ percent

D$.$

$9$ percent