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You purchased a new sports car 40 years ago at a cost of $4,4200. Today, you sold that car for $97,500. What annual rate of

You purchased a new sports car 40 years ago at a cost of $4,4200. Today, you sold that car for $97,500. What annual rate of return did you earn on the vehicle?

	1.	7.62%
	2.	7.99%
	3.	8.04%
	4.	8.38%

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