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You deposited $1000 into an account 5 years ago for an emergency fund

Finance

You deposited $1000 into an account 5 years ago for an emergency fund. Today, that account is worth $1200. What annual rate of return did you earn on this account? Compute no other deposits, no withdrawals, and annual compounding.

a. 3.71%

b. 1.71%

c. 2.3%

d. 5%

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