Zoey is planning to invest $5,000 in a fixed income security at the end of each of the next four years. She will receive $23,000 at the end of four years. If interest is compounded annually, what is the annual rate of return earned on the investment?
A. 5.7%
B. 7.3%
C. 8.7%
D. 10.2%
E. 9.4%
Answer: E
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