Question: You spend $1000 and in return receive two payments of $1094.60-- one at the end of 3 years and the other at the end of

You spend $1000 and in return receive two payments of $1094.60-- one at the end of 3 years and the other at the end of 6 years. Calculate the resulting rate of return.

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You spend $1000 and in return receive two payments of $1094.60 one at the end of 3 years and the other at the end of 6 years. Calculate the resulting rate of return.

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