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You have an investment account that started with $3,000 10 years ago and which now has grown to $8,000. a. What annual rate of return

You have an investment account that started with $3,000 10 years ago and which now has grown to $8,000.

a. What annual rate of return have you earned (you have made no additional contributions to the account)?

Your annual rate of return is __% (round to two decimal places)

b. If the investment account earns 13% per year from now on, what will the account's value be 10 years from now?

(round to two decimal places)

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