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Algoe expects to invest $ 1 , 6 0 0 annually for 1 5 years to yield an accumulated value of $ 3 7 ,
Algoe expects to invest $ annually for years to yield an accumulated value of $ on the date of the last investment.
For this to occur, what rate of interest must Algoe earn? PV of $ FV of $ PVA of $ and FVA of $Use appropriate factors from
the tables provided. Round "Table Factor" to decimal places.
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