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Q7: Alex deposits 6760$ today and is promised to receive a (one time) fixed payback...

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Finance

Q7: Alex deposits 6760$ today and is promised to receive a (one time) fixed payback of 7627$ at the end of the 5th year. What is the implied annual rate of return?

The implied annual rate of return is __________

(Please retain at least 4 decimal places in your calculations and at least 2 decimal places in your final answer

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