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Sara invested $3,400 six years ago. Today, her investment is worth $4,200. Which formula will correctly compute her rate of return? i = ($4,200/$3,400)6 -1
Sara invested $3,400 six years ago. Today, her investment is worth $4,200. Which formula will correctly compute her rate of return?
i = ($4,200/$3,400)6 -1
i = ($4,200/$3,400)1/6 - 1
i = [($4,200/$3,400) - 1]1/6
i= ($3,400/$4,200)1/6
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