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You recently paid $13,500 for an investment that promises to pay $675 at the end of each of the next 6 years, then an additional
You recently paid $13,500 for an investment that promises to pay $675 at the end of each of the next 6 years, then an additional lump sum payment of $16,500 at the end of the 6th year. What is the expected rate of return on this investment? O a. 8.0% O b.8.9% O c. 9.5% O d. 10.7% O e. 6.1%
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