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    A Condominium Complex Was Purchased by a Group of Private
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A Condominium Complex Was Purchased by a Group of Private

Question 232

Question 232

Short Answer

A condominium complex was purchased by a group of private investors for $1.4 million and sold 4 year(s) later for $3.1 million. Find the annual rate of return (compounded continuously) on their investment. Round your answer to the nearest hundredth.
​
__________%

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