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You put $10,000 into a retirement plan. After 20 years you had $42,478.50. What is the...

You put $10,000 into a retirement plan. After 20 years you had $42,478.50. What is the average annual rate of return you earned on this saving plan?

Please show your work and explain your answers.

 

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

As nothing was mentioned excel is used.

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