Suppose that you make an investment that will cost $$ 1,000$ and will pay you interest of
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Suppose that you make an investment that will cost $\$ 1,000$ and will pay you interest of $\$ 100$ per year for the next 20 years. Then at the end of the 20 years, the investment will pay $\$ 1,500$. If you purchase this investment, what is your compound average annual rate of return?
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