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One of your friends has come to you with a great investment opportunity in Aggieville. She asks you to invest $248,588 now and promises that
One of your friends has come to you with a great investment opportunity in Aggieville. She asks you to invest $248,588 now and promises that she will give you $500,000 in five years. If your friend comes through on her promise, what will your annual compound rate of return be on your investment?
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