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You will deposit $6,980 in an investment account 30 months from today and know it will be worth $15,460 in 70 months from today. What
You will deposit $6,980 in an investment account 30 months from today and know it will be worth $15,460 in 70 months from today. What is the implied EAR on this investment?
Question 22 options:
24.25%
24.92%
25.60%
26.27%
26.94%
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