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At the end of each year, you plan to deposit into savings account following the schedule below Year Deposit Balance 1 100 2 200 3
At the end of each year, you plan to deposit into savings account following the schedule below | |||||||
Year | Deposit | Balance | |||||
1 | 100 | ||||||
2 | 200 | ||||||
3 | 300 | ||||||
4 | 100 | ||||||
5 | 200 | ||||||
6 | 300 | ||||||
What must be the interest rate so that the balance at the end of year 6 is 1,669.45 |
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