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Find the rate of interest required to achieve the conditions set forth. If Luke bought a lot for $8,000 and sold it 10 years later

Find the rate of interest required to achieve the conditions set forth. If Luke bought a lot for $8,000 and sold it 10 years later for $16,000, what was his percentage rate of return on this investmnet if it was compounded quarterly? Select one: a. 100% b. 7.1773% O c. 6.991996 Od 200%

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