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What rate of interest will she need to earn annually

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Reference no: EM131882314

Question - Stacy Houston has a $30,200 debt that she wishes to repay 5 years from today; she has $17,922 that she intends to invest for the 5 years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt?

Reference no: EM131882314

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