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You have $150,000 to invest today. You found a deal that will pay you $300,000 if you wait 20 years before you withdraw the money?
You have $150,000 to invest today. You found a deal that will pay you $300,000 if you wait 20 years before you withdraw the money? What is the implied rate of interest in you invest and wait 20 years?
Group of answer choices
3.2%
3.5%
5.1%
6.2%
6.8%
Please help urgently.
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