What interest rate would the investment have to yield

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Reference no: EM131993685

Stanley Roper has $2,500 that he is looking to invest. His brother approached him with an investment opportunity that could give Patrick $4,800 in 4 years.

What interest rate would the investment have to yield in order for Stanley's brother to deliver on his promise?

(Answer needs to be stated as a decimal. For example: .1192)

Reference no: EM131993685

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