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Rate of return Personal Finance Problem Rishi Singh has $2,200 to invest. His investment counselor suggests an investment that pays no stated interest but will

Rate of return Personal Finance Problem

Rishi Singh has $2,200 to invest. His investment counselor suggests an investment that pays no stated interest but will return $3,100 at the end of 5 years.

What annual rate of return will Rishi earn with this investment?

The annual rate of return Rishi will earn with this investment, r, is

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