You made an investment of $13,500 into an account that paid you an annual interest...
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Finance
You made an investment of $13,500 into an account that paid you an annual interest rate of 2.5 percent for the first 8 years and 6.9 percent for the next 5 years. What was your annual rate of return over the entire 13 years?
Multiple Choice
4.17 percent
4.63 percent
3.34 percent
3.75 percent
4.70 percent
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