What annual rate of return is earned

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Reference no: EM131847898

My numbers are not correct for the first one. I do not even know how to do the second one..

What is the present value of a $2,000 payment made in five years when the discount rate is 9 percent?

What annual rate of return is earned on a $1,000 investment when it grows to $2,600 in seven years?

Reference no: EM131847898

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