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What was the annual rate of return earned

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Problem 1: In 1994, you invested $10,000. 25 years later, in 2019, your investment worth $42,918.71. What was the annual rate of return you earned during these 25 years? Assume that during these 25 years, you did not add any additional amount of money in your investment.

a 5%
b 4%
c 6%
d 7%

Reference no: EM132823556

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