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Thirty-five years ago, you invested $1,000 in a retirement fund. Today the fund is worth $130,000. What has been your annually compounded rate of return on this investment?
a. 13.7%
b. 11.2%
c. 12.8%
d. 14.9%
Thirty-five years ago, you invested $1,000 in a retirement fund. Today the fund is worth $130,000. What has been your annually compounded rate of return on this investment?
a. 13.7%
b. 11.2%
c. 12.8%
d. 14.9%