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Question: mc algo 543 calculating annuity interest rates bob has been...

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MC algo 5-43 Calculating Annuity Interest Rates Bob has been investing $4,000 in stock at the end of every year for the past 8 years. If the account is currently worth $45,000, what was his annual return on this investment?

10.61%

10.91%

8.81%

9.55%

9.07%

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