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88. Ruth H. wants to build a house in 12 years. She estimates that the total cost will be $350,000. If she can put aside

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88. Ruth H. wants to build a house in 12 years. She estimates that the total cost will be $350,000. If she can put aside $20,000 at the end of each year, what rate of return must she earn in order to have the amount needed, assuming annual compounding? A. between 11% and 12% B. between 8% and 9% C. 17% D. 6.63%

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