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A small company wants to begin saving money so that it will have enough saved in 3 years to purchase a new computer system which

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A small company wants to begin saving money so that it will have enough saved in 3 years to purchase a new computer system which costs $12,500. If the company deposits $3000 at the end of year 1 and then increases its deposit by 15% per year, what rate of return will be required on the investment so that the company can buy the computer 3 years from now

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