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Problem 4-29 Solving for Rates (LG4-7) What annual rate of retum is eamed on a $1.000 investment when it grows to $3,100 in seven years?

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Problem 4-29 Solving for Rates (LG4-7) What annual rate of retum is eamed on a $1.000 investment when it grows to $3,100 in seven years? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Annual rate of MacBook Air

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