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On September 1st, 2004 your parents decided to save money for you to go to college. They invested $10,000 in an investment fund. Fifteen years

On September 1st, 2004 your parents decided to save money for you to go to college. They invested $10,000 in an investment fund. Fifteen years later, on September 1st 2019, they sold the fund to pay your tuition and got $13,000. What was the average annual rate of return on their investment -assuming annual compounding

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