Find the rate of return, A leading dealer has advertised

Find the rate of return

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Reference no: EM1347168

A leading broker has advertised money multiplier certificates that will triple your money in nine years; that is, if you buy one for $333.33 today, it will pay you $1,000 at the end of nine years.

What rate of return will you earn on these money multiplier certificates?

Reference no: EM1347168

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