What interest rate must the investment earn

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A mining firm makes annual deposits of $250,000 into a reclamation fund for 25 years. If the firm must have $10 million when the mine is closed, what interest rate must the investment earn? Please include the formulas you used in the form of (A/P, i, n) or whichever you use. I am confused as to how to correctly look at this problem to solve it.

Reference no: EM131091936

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