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An investor bought stock for $40,000. Thirteen years later, the stock was sold for $60,000. If interest is compounded continuously, what annual nominal rate of
An investor bought stock for $40,000. Thirteen years later, the stock was sold for $60,000. If interest is compounded continuously, what annual nominal rate of interest did the original $40,000 investment earn? The annual nominal rate of interest earned is %. (Round to two decimal places as needed.)
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