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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
You have been offered a note with four years to maturity, which will pay $3,000 at theend of each of the four years. The price of the note to you is $10,200. What is the implicitcompound annual interest rate you will receive (to the nearest whole percent)
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