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An investment will pay you $4440.60 in 1 years if you pay$2316.70 today. What is the implied rate of return? (Convert to apercent. Round to

An investment will pay you $4440.60 in 1 years if you pay$2316.70 today. What is the implied rate of return? (Convert to apercent. Round to 2 decimal places.)Please show the proper formula used for 1 answer

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