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Billy purchased a certificate of deposit 10 years ago for $1,000. If the certificate of deposit is due today in the amount of $2,000, what

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Billy purchased a certificate of deposit 10 years ago for $1,000. If the certificate of deposit is due today in the amount of $2,000, what is the average annual compound rate of return, assuming monthly compounding, that Billy realized on his investment? 5.12% 6.11% 5.00% 6.95%

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