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Rate of returnAnnuity What is the rate of return on an investment of $7,785 if the investor will receive $1,600 each year for the next

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Rate of returnAnnuity What is the rate of return on an investment of $7,785 if the investor will receive $1,600 each year for the next 15 years? The rate of return on the investment, r, is %. (Round to two decimal places.)

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