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QUESTION
Thirty-five years ago, you invested $1,000 in a retirement fund. Today the fund is worth $130,000. What has been your annually compounded rate of
Thirty-five years ago, you invested $1,000 in a retirement fund. Today the fund is worth $130,000. What has been your annually compounded rate of return on this investment?Choose one answer. a. 13.7% b. 11.2% c. 12.8% d. 14.9%
