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You are offered an investment opportunity for 29,090. It promises a payout of 65,101 in 16 years. What is the annual rate of return on

You are offered an investment opportunity for 29,090. It promises a payout of 65,101 in 16 years. What is the annual rate of return on this investment? Please enter your answer without the "%" sign (in other words as 12.45 for 12.45%).

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