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please show steps to enter into excel in a typed format
| 11 d. A security has a cost of $1,500 and will return $2,000 after 10 years. What rate of return does the security provide?
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Answer #1

d)

? X Function Arguments RATE Nper 10 10 Pmt 0 0 Pv -1500 -1500 Fv 2000 2000 Туре 0.029186009 Returns the interest rate per per

Hence, Rate of return is 2.92%

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