Assume that you make the following three investments 1500, Finance Basics

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Assume that you make the following three investments 1500

Question: Assume that you make the following three investments: 1500 dollars now, 600 dollars in two years, and 750 dollars in 5 years. All three investments earn simple interest at the same rate. If the accumulated value of the sum of the three investments 10 years after the initial investment is 3750 dollars, what is the rate of interest?

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Finance Basics: Assume that you make the following three investments 1500

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