What is the implied rate of return for investment

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Problem 1: If you need to purchase a car for 12,000 in 2 years and you have $7,000 today. How much implied rate do you expect to earn?

Problem 2: You are investing $55,000 in your retirement account. After 20 years, the investment will pay you $145,000. What is the implied rate of return for this investment?

 

Reference no: EM133006038

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