What annual rate of return is earned on a $3,000 investment when it grows to $6,500 in nine years?
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What annual rate of return is earned on a $3,000 investment when it grows to $6,500 in nine years?

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Let Annual rate is EY.
So, investment 3000 will grow in a year is, Future value
Future Value - 3000 ( 1 + 2 )2
Future Value = 3000 / 1 + 2) 4
equate with
6 50D
3000 ( 1 +32 )
= 6500
( Itz )
3000
-...

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