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The rate of return is calculated to be between 5% and 8% in a 3 year investment. The present values corresponding to 5% and 8%
The rate of return is calculated to be between 5% and 8% in a 3 year investment. The present values corresponding to 5% and 8% are $11 and -$6. Using interpolation, calculate the rate of return of the investment.
Options:
6.5
5.0
6.1
6.9
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