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3.1 years ago, you loaned your awesome Finance instructor $4,000. Today he returned you $6,500. What is the annual compound interest rate on this transaction?

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3.1 years ago, you loaned your awesome Finance instructor $4,000. Today he returned you $6,500. What is the annual compound interest rate on this transaction? Round your answer to three decimal places. D 1998 19 Is this diagram for a borrower or a lender? $1000 1 2 3 0 $400 $400 $400 O Borrower Not enough information is provided to answer this question. Lender

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