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You invest $115 immediately for 4 years. The inflation rate is 3.4%. At the end of 4 years, you receive $210.91 in actual (year-4) dollars.

"You invest $115 immediately for 4 years. The inflation rate is 3.4%. At the end of 4 years, you receive $210.91 in actual (year-4) dollars. What is the interest-free internal rate of return? Enter your answer as a percentage rounded to the nearest tenth of a percent."

Correct answer 12.55

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