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Bill wants to buy a new boat in 7 years. He expects the new boat will cost $28, 000. Bill has $18, 000 in an

Bill wants to buy a new boat in 7 years. He expects the new boat will cost $28, 000. Bill has $18, 000 in an investment account today. What rate of return must Bill earn on his investments to be able to buy the boat on time

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