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Thirty years ago, your parents opened an investment account with a single deposit of $2,000. They never added any additional money to this account. Today,

Thirty years ago, your parents opened an investment account with a single deposit of $2,000. They never added any additional money to this account. Today, the account is worth $26,905. What average annual rate of return did they earn on their investment?

A. 8.90 percent

B. 8.96 percent

C. 9.05 percent

D. 9.12 percent

E. 9.24 percent

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