Question: If a security currently worth $2,000 will be worth $3,524.68 five years in the future, what is the implied interest rate the investor will earn
If a security currently worth $2,000 will be worth $3,524.68 five years in the future, what is the implied interest rate the investor will earn on the security—assuming that no additional deposits or withdrawals are made?
show excel formula using the rate function
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