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Doug receives a tax refund of $3,000 and decides to save $1,000 into an investment account. After 5 years, the account now has $1,842. What

Doug receives a tax refund of $3,000 and decides to save $1,000 into an investment account. After 5 years, the account now has $1,842. What was the average annual rate of return within the account? (Round to the nearest whole percent) a. 13% b. 10% c. 7% d. 4%

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