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Assume that you make an investment of $100,000 in 2015 that has a value of $122,504 3 years later in 2018. What is the compound

Assume that you make an investment of $100,000 in 2015 that has a value of $122,504 3 years later in 2018. What is the compound annual growth rate (CAGR) of your investment?

A. 22.5%

B. 7%

C. 5.6%

D. 1.8%

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