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A friend of yours is starting a business, and asks you to invest. If you invest $1,000 today, you will be repaid $150 per year

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A friend of yours is starting a business, and asks you to invest. If you invest $1,000 today, you will be repaid $150 per year for the next 10 years (the first $150 payment would be received one year from now). What rate of interest does this investment pay? 8.1% 12.25% 4.3% 21%

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