Stephen claims that he invested $3,200 six years ago and that this investment is worth $10,500...
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Stephen claims that he invested $3,200 six years ago and that this investment is worth $10,500 today. For this to be true, what annual rate of return did he have to earn? Assume the interest compounded annually. 29.76% 34.39% 23.80% 21.90% 25.87% Stephen claims that he invested $3,200 six years ago and that this investment is worth $10,500 today. For this to be true, what annual rate of return did he have to earn? Assume the interest compounded annually. 29.76% 34.39% 23.80% 21.90% 25.87%
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