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Your friend claims to have invested $6,000 ten years ago and has seen that investment grow to $20,000 today. For this to be true, what

Your friend claims to have invested $6,000 ten years ago and has seen that investment grow to $20,000 today. For this to be true, what rate of return did your friend have to earn?

a. 18.35 percent b. 16.21 percent c. 14.17 percent d. 12.79 percent

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