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What is the average rate of return your father earned

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Reference no: EM132744474

Problem - Forty years ago, your father invested $2,500. Today that investment is worth $107,921. What is the average rate of return your father earned on his investment?

a. 8.50%

b. 9.33%

c. 9.50%

d. 9.87%

e. 9.99%

Reference no: EM132744474

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