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An investment promises to pay you cash flows of $12,000 at the end of each year for the next 11 years. If you were to

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An investment promises to pay you cash flows of $12,000 at the end of each year for the next 11 years. If you were to pay $75,000 today for this investment, what would your annual rate of return be? (Calculate your answer as a percentage. Type 86 for 86%)

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