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Lucia has just celebrated her one - year anniversary at her job. She started investing in the company's 4 0 1 ( k ) a

Lucia has just celebrated her one-year anniversary at her job. She started investing in the company's 401(k) a year ago, and she is curious how her investments have performed. Over the year, she invested a total of $4,000 into the 401(k), and today her account is worth $4,700. What is Lucia's rate of return?
17.5%
7%
117%
14.9%
23.2%
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