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Joe invested $12,000 in a mutual fund six years ago. The investment is worth $25,000 today. If the interest was compounded annually, what is the

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Joe invested $12,000 in a mutual fund six years ago. The investment is worth $25,000 today. If the interest was compounded annually, what is the annual rate of return earned on the investment? 13.01% a. 12.67% 11.56% C. 13.31% d. 12.01% e

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