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Assume $4,000 invested today grows to $6,500 in 9 years. What is the implied rate of return on the investment (the interest rate)? Select one:

Assume $4,000 invested today grows to $6,500 in 9 years. What is the implied rate of return on the investment (the interest rate)? Select one: a. 6.94% b. 62.5% c. 162.47% d. 5.54% e. 18.06%

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