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Your neighbor is asking you to invest in a venture that will double your money in 4 year(s). Compute the annual rate of return that he is promising
Your neighbor is asking you to invest in a venture that will double your money in 4 year(s). Compute the annual rate of return that he is promising you? (Record your answer as a percent rounded to 1 decimal place; for example, record .186982 = 18.7% as 18.7).
Please explain how you got the answer Thanks