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John has an investment opportunity that promises to pay him $17,080 in four years.

Suppose the opportunity requires John to invest $14,600 today. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)

(Use appropriate factor(s) from the tables provided.)

What is the interest rate John would earn on this investment?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800623

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