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Rate of return Annuity What is the rate of return on an investment of $7,905 if the investor will receive $1,600 each year for the

Rate of returnAnnuity

What is the rate of return on an investment of $7,905 if the investor will receive $1,600 each year for the next 11 years?

The rate of return on the investment, r, is ?%. (Round to two decimal places.)

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