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You are examining an investment that will pay you $16,558 in five years if you invest $10,000 today. Approximately, what is the implied rate of

You are examining an investment that will pay you $16,558 in five years if you invest $10,000 today. Approximately, what is the implied rate of interest (assuming annual compounding)?

10.61%

9.28%

8.45%

7.13%

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