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If $12,000 had been invested in a certain investment fund on September 30, 2008, it...

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Accounting

If $12,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $54,089.24 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)

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