What interest rate did she obtain on her investment

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Reference no: EM131807624

A woman made 10 annual end-of-year purchases of $1000 worth of common stock. The stock paid no dividends. Then for 4 years she held the stock. At the end of the 4 years she sold all the stock for $28,000. What interest rate did she obtain on her investment.

Reference no: EM131807624

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