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Your friend claims that 6 years ago he invested $3,000 and that this investment is worth $20,000 today. For this to be true, what annual

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Your friend claims that 6 years ago he invested $3,000 and that this investment is worth $20,000 today. For this to be true, what annual rate of return did he have to earn? Assume the interest compounds annually. O 34.0 percent 21.4 percent 41.5 percent 37.2 percent None of the answers is correct

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