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Thomas Taylor has $2,500 to invest. His brother approached him with an investment opportunity that...

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Accounting

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Thomas Taylor has $2,500 to invest. His brother approached him with an investment opportunity that could double his money in 4 years. What annual interest rate would the investment have to yield in order for Thomas's brother to deliver on his promise? (Round intermediate calculations to 4 decimal places, e.g. 2.5125 and final answer to 2 decimal places, e.g. 15.25.) Expected rate of return

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