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What is the ANNUAL rate of return compounded weekly on an investment if John purchases a property for $7,000 and is able to sell it

What is the ANNUAL rate of return compounded weekly on an investment if John purchases a property for $7,000 and is able to sell it 12 years later for $15,000? (Hint: find the weekly rate first.)

a. 8.48%

b. 7.26%

c. 9.54%

d. 6.36%

e. 6.93%

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