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A project will pay $28,600 in 12 years if you invest $10,000 in it today. What is the promised interest rate on this project? A.
A project will pay $28,600 in 12 years if you invest $10,000 in it today. What is the promised interest rate on this project?
A.
9.152 percent
B.
4.786 percent
C.
3.714 percent
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