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Your loan shark uncle, Zsigmond, is willing to lend you $1,000 today, if you promise to pay him back $2,000 in 5 years. The deal

Your loan shark uncle, Zsigmond, is willing to lend you $1,000 today, if you promise to pay him back $2,000 in 5 years. The deal sounds wonderful to you and you take the deal. What is the interest rate that your uncle is charging you? (Use Excel: rate) [Please attach screen print of excel work, just before you hit 'OK'.

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