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An A&E firm planning for a future expansion deposited $40,000 each year for 5 years intoa sinking (investment) fund that was to pay an unknown

An A&E firm planning for a future expansion deposited $40,000 each year for 5 years intoa sinking (investment) fund that was to pay an unknown rate of return. If the account had atotal of $451,000 immediately after the fifth deposit, what rate of return did the companymake on these deposits?

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