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Calculate the minimum annual simple rate of interest you would need to save 6,000 over the next 5 years, paying 250 at the end of

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Calculate the minimum annual simple rate of interest you would need to save 6,000 over the next 5 years, paying 250 at the end of every 3 months (Assume interest is paid every 3 months). Select one: a. 6.8% b. 1.88% c. 1.71% d. 7.5% 5 Dane

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