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The Wilkins family held total assets, including a home, stocks, and bonds, and other accumulated assets of $175,000 at the beginning of the year. If
The Wilkins family held total assets, including a home, stocks, and bonds, and other accumulated assets of $175,000 at the beginning of the year. If the familys accumulated wealth increased by $4,400 this year and its income and consumption spending amounted to $36,000 and $34,800, respectively, during the year, what was the average rate of return on the familys accumulated wealth during the year?
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