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Mathematics
Algebra
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The formula FV = 2, 000 (205)*° -1 is used to calculate the future value of an investment. Identify the annual rate of return on the investment
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The annual rate of return on the investment is 205%.
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The formula FV = 2, 000 (1.05) 1°-1 is used to calculate the future value of an investment. Identify the annual rate of return