Question: If a security currently worth $ 1 2 , 8 0 0 will be worth $ 1 6 , 8 4 3 . 9 3

If a security currently worth $12,800 will be worth $16,843.93 seven 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?

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