Margo Investments is evaluating a $3,500 investment that will grow to $4,524 in 4 years with no additional deposits or withdrawals. What is the implied interest rate on this investment?

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What is the implied interest rate on this investment for this financial accounting question?

Margo Investments is evaluating a $3,500 investment that will grow to $4,524 in 4
years with no additional deposits or withdrawals. What is the implied interest
rate on this investment?
Transcribed Image Text:Margo Investments is evaluating a $3,500 investment that will grow to $4,524 in 4 years with no additional deposits or withdrawals. What is the implied interest rate on this investment?
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