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What is the annual rate of return on the investment

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Reference no: EM132636257

Problem 1: You purchased a silver coin for $20 ten years ago. You saw on eBay that similar coins are selling for $50. What is the annual rate of return on this investment if you sold it today?

Select one:

a. 9.60%

b. 250%

c. 50%

d. 8.76%

Reference no: EM132636257

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