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$46,221 (17.03) Toca Ryan Habinak wants to buy a house that currently sells for $240,000. Its price is increasing at an annual rate of 4.0

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$46,221 (17.03) Toca Ryan Habinak wants to buy a house that currently sells for $240,000. Its price is increasing at an annual rate of 4.0 percent. If he has already saved $160,000 as of today, what annual rate of return would he need to earn on those savings to be able to afford the house 4 years from today, assuming he saves no more money? a. 15.09 percent b. 16.97 percent c. 17.26 percent d. 18.14 percent e. 19.02 percent

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