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Douglas invest $3,600 today, an investment guarantees he will have $4,600 five years from today. What rate of interest will he earn? a. 8.39 percent

Douglas invest $3,600 today, an investment guarantees he will have $4,600 five years from today. What rate of interest will he earn?

a. 8.39 percent

b. 9.54 percent

c. 5.02 percent

d. 7.68 percent

e. 6.03 percent

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