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Your parents can buy into an investment for $95,000 that will pay them $100,000 when the investment terminates in six years. Along the way, it
Your parents can buy into an investment for $95,000 that will pay them $100,000 when the investment terminates in six years. Along the way, it also pays $5,000 per year. What is the implied interest rate the investment provides? Once you believe you know ther, demonstrate you have the correct answer.
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