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Posted on Sep 03, 2024

You are offered an investment with a current price of $ 5 8 0 . Annual end - ofyear payments in the amount of $

You are offered an investment with a current price of $

580 .

Annual end

-

ofyear payments in the amount of $

120

will be made until year

9,

at which time you will receive an additional $

1, 000 .

What annual interest rate would you earn if you invested today?

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