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Chris deposited $14,000 into an account paying an annual interest rate of 3.7 percent for the first 7 years and 8.1 percent for the next

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Chris deposited $14,000 into an account paying an annual interest rate of 3.7 percent for the first 7 years and 8.1 percent for the next 9 years. What was his annual rate of return over the entire 16 years? Multiple Choice 6.84 percent 5.90 percent 6.15 percent 5.54 percent

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