There are three categories of cash flows: single cash flows, also referred to as $$lump sums,$$ a stream of unequal cash flows, and annuities.

Based on your understanding of annuities, answer the following questions.

Which of the following statements about annuities are true? Check all that apply.

Nine $(9)$ years ago Bruce invested $$1,700.$ Today, the investment is worth $$4,450.$ If interest is compounded annually, what annual rate of return did Bruce earn on his investment? Do not round intermediate calculations. Round your answer to one decimal place.