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Sue invested $1,000 eight years ago. If the investment is now worth $2,476, what rate of return has Sue earned on her investment? 12.0% 18.5%

Sue invested $1,000 eight years ago. If the investment is now worth $2,476, what rate of return has Sue earned on her investment?

12.0%

18.5%

11.4%

-10.7%

None of the answers is correct.

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