Annual rate of return for investment, Accounting Basics

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Annual rate of return for investment

Problem:

Sam Johnson invested in gold U.S coins ten years ago, paying $216.53 for one ounce gold double eagle coins. He could sell these coins for $ 734 today.

Required:

Question: What was his annual rate of return for this investment?

Note: Please show guided help with steps and answer.

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Accounting Basics: Annual rate of return for investment

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Accounting Basics: Annual rate of return for investment

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