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7. You need to repay a loan with a future value of $304,071.00 in 17.5 years. If you can make annual year-end deposits of $12,000

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7. You need to repay a loan with a future value of $304,071.00 in 17.5 years. If you can make annual year-end deposits of $12,000 into an account, what annual rate of return would you require to earn enough money to pay the loan in full at the due date? A) 7.92% B) 8.73% C) 4.39% D) 4.30%

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