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What annual rate of return is earned on a $4,000 investment made in year 3 when it grows to $7,800 by the end of year

What annual rate of return is earned on a $4,000 investment made in year 3 when it grows to $7,800 by the end of year 8? ( Do Not Round Intermediate calculations ) ( Round your answer to 2 decimal places)

( the answer is not 24.93%)

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