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You just paid $ 5 5 4 for a security that claims it will pay you $ 1 , 7 5 8 in 6 years.

You just paid $554 for a security that claims it will pay you $1,758 in 6 years. What is your annual
rate of return? SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL
PLACES AT THE END. DO NOT ENTER THE % SIGN. IF YOUR ANSWER IS 7.7021%, FOR
EXAMPLE, ENTER 7.70.
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