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You made an investment of $10,000 into an account that paid you an annual interest rate of 3.3 percent for the first 7 years and
You made an investment of $10,000 into an account that paid you an annual interest rate of 3.3 percent for the first 7 years and 7.7 percent for the next 8 years. What was your annual rate of return over the entire 15 years?
5.62 percent
5.06 percent
5.50 percent
6.25 percent
4.50 percent
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