Question: Please explain how to get the answer. What annual rate of return is earned on a $4,000 investment made in year 7 when it grows

Please explain how to get the answer. What annual rate of

Please explain how to get the answer.

What annual rate of return is earned on a $4,000 investment made in year 7 when it grows to $5,400 by the end of year 11? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual rate of return %

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