You take a $100,000 stake in a restaurant, and in return for your investment, you earn $20,000
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You take a $100,000 stake in a restaurant, and in return for your investment, you earn $20,000 the first year, $30,000 the second year, $45,000 the third year and $60,000 in the fourth year. After that the restaurant closes. What average annual rate of return did you earn?
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