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b. Assume you have $20,000 in your bank account. After five (5) years, you are intending to have $35,000 in your account. What annual rate

b. Assume you have $20,000 in your bank account. After five (5) years, you are intending to have $35,000 in your account. What annual rate of return must you earn on your investment to achieve your target? Provide complete calculations in your answer.

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