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Posted on Oct 03, 2024

If $ 2 , 0 0 0 is invested today and it grows to $ 1 0 , 0 0 0 in 1 8 years,

If $

2, 000

is invested today and it grows to $

10, 000

18

years, the annual rate of return on

the investment is

9.35 % (

rounded to two decimal places

) .

True or False?

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