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Forty Years Ago,your Father Invested $2,500

Question 78

Multiple Choice

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%

Correct Answer:

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