What interest rate do need to earn in order to have

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Problem 1: You currently have $60,000 in your bank account and you will need a total of $100,000 in 7 years to pay for a down payment on a house. What interest rate do you need to earn in order to have $100,000 in your bank account 7 years from now? Enter your answer as a percentage rounded to 2 decimal places. Do not include the percentage sign in your answer.

Reference no: EM132902507

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