Multiple Choice
Five years ago, Brian had invested $14,850 in a growth fund. The investment is worth $22,000 today. If the interest was compounded annually, what is the annual rate of return earned on the investment?
A) 7.25%
B) 8.18%
C) 9.52%
D) 10.75%
E) 11.66%
Correct Answer:
Verified
Correct Answer:
Verified
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