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5 years ago Anderson gave $20,000 to Linda for an exchange for her the promise to give $30,000 today. Determine the compound annual rate of
5 years ago Anderson gave $20,000 to Linda for an exchange for her the promise to give $30,000 today. Determine the compound annual rate of return Linda Linda promised. A few hours today, Linda told you that she can only give you 3500. So, if you get 3500 today from Linda, determine the coupons annual rate of return you can earn over a five years.
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