What would be your annualized rate of return

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Reference no: EM13846169

Suppose you invest $ 4,030 today to start a business. In 6 years you hope to sell this company for $ 14,849. What would be your annualized rate of return?

Express your answer as a percentage, rounded to the first decimal, and without the ‘%’ sign. So, for example, if the numeric answer is 0.456, this is equivalent to 4.56%, so just write 4.6.

Reference no: EM13846169

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