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Emma, Connor, and Isaac enter into a financial arrangement. Emma agrees to pay 50,000 to Connor at time 0. Two years later, at time 2,
Emma, Connor, and Isaac enter into a financial arrangement. Emma agrees to pay 50,000 to Connor at time 0. Two years later, at time 2, Emma and Connor each pay 25,000 to Isaac. At the end of the fourth year (time 4), Connor pays 29,500 to Emma and Isaac pays 60,000 to Emma.
Determine Emmas annual rate of return under this financial arrangement.
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