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Question #7: Your broker called and offered you the following investment opportunity: You will...

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Accounting

Question #7: Your broker called and offered you the following investment opportunity:

You will have to invest $1,000 today

In 7 years the investment will end and you will be paid $1,375

You will receive no payments until the end of the investment in 7 years

Required: Determine the Implied Interest rate that you will earn on this investment.

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