A money multiplier certificate is selling for $20,600 today and promises to be worth $40,500...

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Accounting

A money multiplier certificate is selling for $20,600 today and promises to be worth $40,500 in 4 years. What is the rate of return on this investment?

Group of answer choices

14.47%

14.22%

18.41%

21.63%

Answer & Explanation Solved by verified expert
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