Fall07:Maggie deposits $10,000 today and is promised a return of $17,000 in eight years

Fall07:Maggie
deposits $10,000 today and is promised a return of $17,000 in eight years. What
is the implied annual rate of return?
A. 6.86 percent
B. 7.06 percent
C. 5.99 percent
D. 6.07 percent
Level of difficulty: Medium