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You offered an investment that requires an up-front (time = 0) payment of 43,000. This Investment B will provide you with a one-time return of
You offered an investment that requires an up-front (time = 0) payment of 43,000. This Investment B will provide you with a one-time return of 94,000 in twelve years. What is the implicit annual return of Investment B?
A. 6.67%
B. 6.73%
C. 8.44%
D. 9.00%
E. 9.63%
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