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What is the annual rate of return earned on an investment of $122 that grows to $194 in 7 years? (Provide your answer in percentage

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What is the annual rate of return earned on an investment of $122 that grows to $194 in 7 years? (Provide your answer in percentage with two decimal points.) A 15-year bond issued four years ago pays $84 each year and $1,000 upon maturity. Assuming 8.4 percent to be the appropriate discount rate, the present value of the bond is closest to Select one: a $1,000 b. $1,084 c. $1,298 d. $840

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