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b. If that $144 is received in year 5, what is the interest rate? (Do not round intermediate calculations. Enter your answer as a percent
b. If that $144 is received in year 5, what is the interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Interest rate 1.10 a. If the present value of $144 is $130, what is the discount factor? (Round your answer to 4 decimal places.) Answer is complete and correct. Discount Factor 0.9028 b. If that $144 is received in year 5, what is the interest rate? (Do not round intermediate calculations. Enter your answ percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Interest rate 1.10 X %
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