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An executive borrows $50,000 from the company today and promises to repay $57,881 three years from now. What is the interest rate implied in the

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An executive borrows $50,000 from the company today and promises to repay $57,881 three years from now. What is the interest rate implied in the agreement? Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of \$1) Multiple Choice 3% 5% 6% 4% An executive borrows $50,000 from the company today and promises to repay $57,881 three years from now. What is the interest rate implied in the agreement? Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of \$1) Multiple Choice 3% 5% 6% 4%

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