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Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces. a. Invest $450.00 and receive
Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces.
a.Invest
$450.00
and receive
$854.56
in
9
years.
b.Invest
$3,400.00
and receive
$11,924.93
in
17
years.
c.Invest
$30,386.46
and receive
$110,000.00
in
22
years.
d.Invest
$34,274.79
and receive
$1,400,000.00
in
40
years.
Question content area bottom
Part 1
a.What annual rate of return will Keiko earn if she invests
$450.00
today and receives
$854.56
in
9
years?
enter your response here%
(Round to two decimal places.)
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