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You are looking at an investment that will pay $14,000 in 6 years if you invest $11,000 today. What is the implied rate of interest?
You are looking at an investment that will pay $14,000 in 6 years if you invest $11,000 today. What is the implied rate of interest? (in decimals, please round to two decimal points)
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
