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Problem 4-37 Solving for Rates (LG4-7) What annual rate of return is earned on a $4,000 investment made in year 3 when It grows to

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Problem 4-37 Solving for Rates (LG4-7) What annual rate of return is earned on a $4,000 investment made in year 3 when It grows to $8,600 by the end of year 9? (Do not round intermediate calculetions. Round your answer to 2 decimal places.) rate of retum /01-1

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