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5 . dvanced Design, Inc. needs $ 1 , 4 0 9 , 8 7 0 for basic research 5 years from now. The company

5. dvanced Design, Inc. needs $1,409,870 for basic research 5 years from now. The company currently has $800,000 to invest for that purpose. At what rate of interest must it invest the $800,000 to fund basic research projects of $1,409,870,5 years from now?

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