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The first-year (one-year) interest rate is 22.0%, the second-year one-year rate is 16.0%, the third-year one-year rate is 23.0%, and the fourth-year one-year rate is

The first-year (one-year) interest rate is 22.0%, the second-year one-year rate is 16.0%, the third-year one-year rate is 23.0%, and the fourth-year one-year rate is 24.0%. What is the four-year annualized interest rate?

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