You receive a gift of $2,000 today, and in 8 year's you're told that it will be worth $3,500. Assuming interest is compounded annually, what is the approximate interest paid on the investment.

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The Answer of You receive a gift of $2,000 today, and in 8 year's you're told that it will be worth $3,500. Assuming interest is compounded annually, what is the approximate interest paid on the investment.

You Receive a Gift of $2,000 Today, and in 8