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?