Question: 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

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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