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9 of 22 (8 complete HW Score: 38,36%, 8 of 22 pts P5-8 (similar to) Question Help Time Value Personal Finance Problem Misty needs to

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9 of 22 (8 complete HW Score: 38,36%, 8 of 22 pts P5-8 (similar to) Question Help Time Value Personal Finance Problem Misty needs to have $21,000 in 6 years to fulfill her goal of purchasing a small sailboat. She is willing to invest alump sum today and leave the money untouched for years until it grown to $21,000, but she wonder what sort of investment return she will need to earn to reach her goal. Use your calculator or spreadsheet to figure out the approximate anually compounded rate of tum needed if she can invest $14,900 today. The annually compounded rate of return Misty needs to earn to reach her goal is I (Round to two decimal places)

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