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Problem 4-30 Solving for Rates (LG4-7) What annual rate of return is earned on a $5,000 investment when it grows to $8,250 in four years?

Problem 4-30 Solving for Rates (LG4-7) What annual rate of return is earned on a $5,000 investment when it grows to $8,250 in four years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual rate of return %

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