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Your grandfather just placed a one - time deposit of $ 2 , 0 0 0 , 0 0 0 in a trust fund for

Your grandfather just placed a one-time deposit of $2,000,000 in a trust fund for you. If the fund will be worth $12,000,000 in 20 years, what is the annual rate of return on the trust fund? Assume annual compounding
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