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What annual rate of return is earned on a $1,600 investment when it grows to $3,700 in eleven years? Possible Answers: 1.31% 2.31% 7.24% 7.92%

What annual rate of return is earned on a $1,600 investment when it grows to $3,700 in eleven years?

Possible Answers:

1.31%

2.31%

7.24%

7.92%

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