laceybudd3319 laceybudd3319
  • 20-02-2024
  • Mathematics
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Jack invested $5043 exactly 7 years ago. His brokerage account shows that the value of his investment today is $12434. What is his compounded average annual rate of return on this investment?
a) 8%
b) 10%
c) 12%
d) 15%

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