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(1+r)^4=2112945/1200000

Guest May 1, 2017
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(1+r)^4=2112945/1200000 take the 4th of both sides

 

(1+r) = 1.1519.....

r = 1.1519 - 1

r =0.1519 x 100

r =15.19%

Guest May 1, 2017

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