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Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces. a. Invest $360.00 and receive $899.85 in 11 years. b. Invest $2,600.00 and receive $11,938.46 in 17 years. c. Invest $31,950.29 and receive $140,000.00 in 26 years d. Invest $31,820.16 and receive $1,400,000.00 in 50 years. a. What annual rate of return will Keiko earn if she invests $360.00 today and receives $899.85 in 11 years? % ( Round to two decimal places.)

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a. Calculate the annual rate of retum if S360 invests today and S899.85 receives in 11 years. Future value Present value _8899.85 S360 2.499583333333-1 -1.086850435314-1 0.086850435314 or 8.69% b. Calculate the annual rate of retum if S2,600 invests today and S11,938.46 receives in 17 vears Future value VPresent value S11,938.46 V S2,600 -V4.591715384615-1 -1.093804494470-1 0.093804494470 or 9.38%C. Calculate the annual rate of returm if S31,950.29 invests today and S140,000 receives in 26 years Future value Present value S140,000 S31,950.29 - 26 4.381806863099 -1 -1.058471016376-1 -0.058471016376 or 5.85% Calculate the annual rate of returm if S31,820.16 invests today and S140,000 receives in 50 years Future value Present value S140,000 S31,820.16 4.399726462720-1 1.030074209216-1 -0.0300742092 16 or 3.01%

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