You pay $846.80 for an investment that promises to pay you $250 per year for the next

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You pay $846.80 for an investment that promises to pay you $250 per year for the next four years, with payments made at the end of each year.What interest rate/rate of return will you earn on this investment?

Posted Date: May 16, 2024 03:03 AM

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You pay $846.80 for an investment that promises to pay you $250 per year for the next

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