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Your sweet Aunt Bertrude deposited $7,000 into a college fund for you 17 years ago. She didn't make any more deposits. Now that fund is
Your sweet Aunt Bertrude deposited $7,000 into a college fund for you 17 years ago. She didn't make any more deposits. Now that fund is worth $17,500. What annual rate of return did your college fund earn? Answer as a percent rounded to 2 decimal places (e.g., for 1.23% answer 1.23).
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