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FALL 2020 Financial Management 3400 - 2532 Latoya Winbush & Homework: M2: Time Value of Money -- Chapters 3 & 4 Save Score: 0 of

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FALL 2020 Financial Management 3400 - 2532 Latoya Winbush & Homework: M2: Time Value of Money -- Chapters 3 & 4 Save Score: 0 of 3 pts 6 of 14 (10 complete) HW Score: 56.94%, 31.32 of 55 pts P3-17 (similar to) Question Help Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of retum each choice produces a. Invest $450.00 and receive $624.87 in 10 years. b. Invest $2,600.00 and receive $11,630.23 in 18 years. C. Invest $30.012.17 and receive $110,000.00 in 22 years. d. Invest $32,031.84 and receive $1,000,000.00 in 45 years. a. What annual rate of return will Keiko earn if she invests $450.00 today and receives $624.87 in 10 years? % (Round to two decimal places.)

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