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Thirty Years Ago, Your Father Invested $6,000

Question 172

Multiple Choice

Thirty years ago, your father invested $6,000. Today that investment is worth $67,270.98. What is the average rate of return your father earned on this investment?


A) 8.39%
B) 8.44%
C) 10.23%
D) 10.34%
E) 11.67%

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