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Richard invested $10,000 in a gold mining stock 5 years ago. Today, it is worth $18,000. What is Richards annually compounded rate of return on

Richard invested $10,000 in a gold mining stock 5 years ago. Today, it is worth $18,000. What is Richards annually compounded rate of return on this investment?

Select one:

a. 10.65%

b. 12.47%

c. 11.14%

d. 13.38%

e. 15.22%

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