Question: An annuity will pay you $500 two years from now, and another $1000 four years from now. The present value of these two payments

An annuity will pay you $500 two years from now, and another

An annuity will pay you $500 two years from now, and another $1000 four years from now. The present value of these two payments is $1200. Find the implied effective annual interest rate, i. 7.5%

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