Q5 Please show formula and explain Client has $2,200 that he is looking to invest. Approached with an investment opportunity that could...
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Q5 Please show formula and explain


Client has $2,200 that he is looking to invest. Approached

with an investment opportunity that could yield $4,800 in 4 years. What interest rate would the investment have to yield in order to deliver on this promise? (Answer needs to be stated as a decimal. For example: .1192) Round to four decimal places.

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