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QUESTION
Henry invested $7,500 exactly 2 years ago. In exactly 3 years from now, he expects his investment to be worth $12,800. If he is correct, what would
Henry invested $7,500 exactly 2 years ago. In exactly 3 years from now, he expects his investment to be worth $12,800. If he is correct, what would his compounded average annual growth rate be? [Keep at least 3 decimals in intermediate steps. Express your answer in percentage terms, rounded to 2 decimals ie. 2.25]
r =
