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An investment of $8000 grows to $10,295.6 in 4 years. Find the annual rate of return for annual compounding. (Hint: Use A 1 + p(1+)

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An investment of $8000 grows to $10,295.6 in 4 years. Find the annual rate of return for annual compounding. (Hint: Use A 1 + p(1+) ** with m = 1 and solve for r (rounded to one decimal place).] x %

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