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Determine the interest rate needed to accumulate the following amounts in a sinking fund, with monthly payments as Accumulate $99,900, monthly payments of $400 over

Determine the interest rate needed to accumulate the following amounts in a sinking fund, with monthly payments as

Accumulate $99,900, monthly payments of $400 over 15 years.

A) 2.68% B) 3.38% C) 4.88% D) 4.18%

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