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Robyn La France is considering an investment in a pecan grove costing $600,000. The projected annual income is $95,000 for the next five years. She
Robyn La France is considering an investment in a pecan grove costing $600,000. The projected annual income is $95,000 for the next five years. She plans to sell the grove at the end of 5 years and estimates she will net $730,000 from the sale. Calculate (impute) the expected interest rate from this investment. Multiple Choice 0 22.1% 0 18.8% 0 18.0% 0 21.0%
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