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You just paid $1,095 for a security that should pay you $225 at the end of each of the next 6 years, plus $1,000 at
You just paid $1,095 for a security that should pay you $225 at the end of each of the next 6 years, plus $1,000 at the end of the 6th year. Calculate your rate of return on this security.
the answer is 19.67% but I don't know how to get the answer with a HP 10bII+ financial calculator, so if possible brake down the steps for me
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