What interest rate did the he receive on this investment

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An investor was afraid that he would become like King Lear in his retirement and beg hospitality from his children, so he purchased grain "tithes," or shares in farm output, for 600 pounds. The tithes paid him 68 pounds per year for 30 years.

What interest rate did the he receive on this investment?

Reference no: EM131303467

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