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A return of $102,000 (like interest) will be realized on an original investment of $200,000 over a 5-year period. Determine: The rate of return

A return of $102,000 (like interest) will be realized on an original investment of $200,000 over a 5-year period. Determine: 

  1. The rate of return using simple interest.
  2. The rate of return using compound interest (compounded annually), where the Future Value is $302,000.

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