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Billy purchased a certificate of deposit 7 years ago for $1.000. Today the certificate of deposit is worth $2,000 What is the average annual compound

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Billy purchased a certificate of deposit 7 years ago for $1.000. Today the certificate of deposit is worth $2,000 What is the average annual compound rate of return, assuming monthly compounding, that Billy realized on his investment? 7.7196 9.7196 8.4896 9.9496

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