Chris Anderson has $3,000 to invest. His brother approached him with an investment opportunity that could double his money in 7 years. What annual interest rate would the investment have to yield in order for Chriss brother to deliver on his promise? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.)

Expected rate of return

enter the Expected rate of return in percentages

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