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Assume that Nancy desires to accumulate $ 2 , 1 0 0 , 0 0 0 in 1 4 years using her money market fund

Assume that Nancy desires to accumulate $

2, 100, 000

14

years using her money market fund of $

296, 790 .

At what interest rate must Nancy's investment compound annually?

(

Round answer to

0

decimal places, e

.

. 5 % .)

Interest rate

%

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