What are the possible effective rates of interest

Reference no: EM132041684

Question: Please calculate the possible effective rates of interest! Thank you!!!

Mark invests 1000 dollars. Two years later, he receives a payment from the investment of 2320 dollars. Two years after that, he invests another 235.5 dollars, and two years after that, he adds 2575.2 dollars more to the investment. Two years later, he receives a final payment of 1493.51 dollars that closes out the investment. What are the possible effective rates of interest? (If you find more than one, list them separated by commas.)

Reference no: EM132041684

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