Question: If a security currently worth $2,000 will be worth $2,809.86 three years in the future, what is the implied interest rate the investor will earn

If a security currently worth $2,000 will be worth $2,809.86 three 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?

12.00%

9.60%

0.47%

1.40%

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