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What annual rate of return is earned on a $4.000 investment made in year 4 when it grows to $6,000 by the end of year

What annual rate of return is earned on a $4.000 investment made in year 4 when it grows to $6,000 by the end of year 11? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual rate of return %

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