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Question $6,4.$C$.31$

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Part $1$ of $2$

Poin

Compute the total and annual returns on the following investment.

Sixteen years after purchasing shares in a mutual fund for $$5700,$ the shares are sold for $$11,900.$

The the total return is $\%.$

$($Do not round until the final answer. Then round to one decimal place as needed.$)$