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What rate of interest would be required to enable investment

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Reference no: EM133009941

Problem 1: What rate of interest would be required to enable an investment of $10,000 to reach a total value of $100,000 over a 20 year period?

Group of answer choices

Option 1: No solution. Error.

Option 2: 12.2%

Option 3: 13.4%

Option 4: 10.6%

Reference no: EM133009941

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