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10. A college savings education plan claims that had you invested $200 per month in the plan for the last 15 years you would have

10. A college savings education plan claims that had you invested $200 per month in the plan for

the last 15 years you would have accumulated $200,000. Assuming the investments were made

at the beginning of each month, calculate the effective annual rate of return an investor would

have received on a compounded basis using either Goal Seek or Solver.

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