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10. You need $12,000 in year 10. Four years ago, you saved $3,000 for nine years in the Eastern bank that pays 8% compounded annually.

10. You need $12,000 in year 10. Four years ago, you saved $3,000 for nine years in the Eastern bank that pays 8% compounded annually. Starting from year 5, the interest rate you must earn is closest to: 18% 14.4% 12%

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