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What interest rate must you earned to reach your goal

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Reference no: EM132730469

Question - Suppose that you wish to save $30,000 at the end of five years by making the following deposits:

Year

Deposits

0

$8000

1

7000

2

6000

3

5000

4

2000

Required - What interest rate must you earned to reach your goal?

Reference no: EM132730469

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