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  3. three friends are offered the choice of $700 today

Three friends are offered the choice of $700 today or $10003 years from...

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Accounting

Three friends are offered the choice of $700 today or $10003 years from today. What interest rate would make the two choices equivalent?
(Note: the answer is in % scale, i.e. if it is 3.12%, then type in 3.12)
Answer:
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