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You are given an investment option by a friend. They promise you if you give them $1,000 today, they will give your $1,207.95 three years

You are given an investment option by a friend. They promise you if you give them $1,000 today, they will give your $1,207.95 three years from today.If this is the case, what is the interest rate you are being given for this investment?

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