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2500=1500(1+(r2))^9Solution 53 = (1+r2)^9

2500=1500(1+(r2))^9Solution 53 = (1+r2)^9

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2500=1500(1+(r/2))^9

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5/3 = (1+r/2)^9 1+r/2=1.0584 r/2=.0584

r=.1168

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