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8. Brenda's uncle has given her the sum of $15 000 for her university education. Brenda expects to start university six years from now,

8. Brenda's uncle has given her the sum of $15 000 for her university education. Brenda expects to start university six years from now, when she estimates the cost will total $28 000. At what interest rate, compounded quarterly does she need to invest the money? [6 AP, 2 CO]

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