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Your friend claims that 5 years ago he invested $4,000 and that this investment is worth $15,000 today. For this to be true, what annual
Your friend claims that 5 years ago he invested $4,000 and that this investment is worth $15,000 today. For this to be true, what annual rate of return did he have to earn? Assume the interest compounds annually. 15.6 percent 37.2 percent 30.3 percent None of the answers is correct 21.4 percent
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