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What is the annual interest rate obtained if a person invested $ 500,000 and in 2 years has $ 819,200? Group of answer choices: 2.33%

What is the annual interest rate obtained if a person invested $ 500,000 and in 2 years has $ 819,200?

Group of answer choices:

2.33%

25.00%

28.00% compounded monthly

28.00% effective annually

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