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Rene has been offered the choice of receiving $6,729 today or an agreed-upon amount in 1 year. While negotiating the future amount, Rene notes that

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Rene has been offered the choice of receiving $6,729 today or an agreed-upon amount in 1 year. While negotiating the future amount, Rene notes that he would be willing to take no less than $9,662 if he has to wait a year. What is his Time Value of Money in percent? State your answer with 2 decimal places without the percentage sign (Ex: 37.25)

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