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You lend $106 today and receive a promise for repayment 6 years from now of $202. What is implied effective annual interest rate? Round your

You lend $106 today and receive a promise for repayment 6 years from now of $202. What is implied effective annual interest rate? Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.

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