If a security currently worth $12,800 will be worth $18,807.40 five years in the future,...
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Accounting
If a security currently worth $12,800 will be worth $18,807.40 five years in the future, what is the implied interest rate the investor will earn on the securityassuming that no additional deposits or withdrawals are made?
1.47%
6.81%
6.40%
8.00%
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