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You are offered the opportunity to buy a note for $ 1 0 , 0 0 0 . The note is certain to pay $

You are offered the opportunity to buy a note for $10,000. The note is certain to pay $2000 at the end of each of the next 15 years. There are no other cashflows associated with the note and thus you will never receive anything other than the payment stated at the end of each year. If you buy the note, what rate of interest will you receive on this investment (to nearest %)
15%
insufficient information to compute
18%
100%
20%

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