Dire invested $10,000 today in an investment that has a maturity value of $13,500 in five years. If the interest is compounded annually, what is the annual rate of return earned on the investment?
A)7.8%
B)8.2%
C)6.2%
D)4.5%
E)9.5%

Question

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The Answer of Dire invested $10,000 today in an investment that has a maturity value of $13,500 in five years. If the interest is compounded annually, what is the annual rate of return earned on the investment?
A)7.8%
B)8.2%
C)6.2%
D)4.5%
E)9.5%

Dire Invested $10,000 Today in an Investment That Has a Maturity