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Emily has decided to think about the proposal from her father a little differently and approached a nancial advisor who also happened to be an

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Emily has decided to think about the proposal from her father a little differently and approached a nancial advisor who also happened to be an old friend from college. Emily knew that her choice was between $105,000 today vs. property worth $150,000 in three years. Emily wanted to know what rate of return would she have to earn on $105,000 so that it would exactly equal the $150,000 property value that she would receive with the condo. Emily's thinking was that she could use her nancial advisor to invest the $105,000 (rather than paying for a wedding) and just elope with her boyfriend. Her question was what rate of return would be have to earn to at least breakeven on the condo. Pick the best answer form the options provided below. 12.62%

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