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What was the average annual compounded rate

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Question - Ms. Chestnut bought some collectible wooden carvings for $3,700 on May 5, 1995 and sold them for $29,000 on May 5, 2019. What was the average annual compounded rate of return (growth in value) on this investment?

A. 8.958%

B. 32.658%

C. 3.635%

D. 8.340%

E. 28.491%

Reference no: EM132957491

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