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You are told that if you invest $13,900 per year for 14 years (all payments made...

You are told that if you invest $13,900 per year for 14 years (all payments made at the beginning of each year) you will have accumulated $511,000 at the end of the period. What annual rate of return is the investment offering?

Question 18 options: 15.23% 13.71% 10.62% 12.16% 16.98%

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Answer is 12.16%

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