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An Investment of $10,000 on January 1, 1970 Grew to $300,000

Question 77

Multiple Choice

An investment of $10,000 on January 1, 1970 grew to $300,000 on January 1, 2010. What average annually compounded rate of return was earned?

A) 300%
B) 10.025%
C) 8.778%
D) 8.875%
E) 9.185%

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