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You have an investment account that started with $1200 12 years ago and now has grown to $7500. What annual interest rate have you earned?

You have an investment account that started with $1200 12 years ago and now has grown to $7500. What annual interest rate have you earned? Assume you made no additional contributions to the account. Assume an annually compounded interest rate. (round to two decimals)

14.16%

16.50%

12.99%

22.32%

11.81%

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