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Finance
QID: #17467
Subject: Finance
Status: Verified Solution Available
Several years ago, Sara invested $4,208. Today, that investment is worth $28,406 and has earned an average annual rate of return of 7.38 percent. How long ago did Sara make her investment?
A. 14.97 years
B. 26.82 years
C.. 18.98 years
D. 31.09 years
E. 23.03 years
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