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Candy Barr bought an investment that will pay her $1,350 per year for the next 10 years, starting one year from today. Assuming she paid

Candy Barr bought an investment that will pay her $1,350 per year for the next 10 years, starting one year from today. Assuming she paid $7,975 for this investment, the rate of return she will earn is closest to

a. 10.44% b. 10.88% c. 11.12% d. 11.56% e. 11.88%

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