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Calculate the annualised rate of return of an investment that, for an initial investment of 3050, produces a single payment of 4120 after 3 years,

Calculate the annualised rate of return of an investment that, for an initial investment of 3050, produces a single payment of 4120 after 3 years, taxed at the rate of 10%. State your answer as a percentage to 3 significant figures

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