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Michael Harper has $3,000 to invest for five years. He wants to receive $5,500 at the end of the five years. What rate of return

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Michael Harper has $3,000 to invest for five years. He wants to receive $5,500 at the end of the five years. What rate of return would his investment have to earn to achieve his goal? (Round to the nearest percent.) 22% 13% none of these 21% 19%

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