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Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment

Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. $25,379 to be accumulated in 5years; quarterly payments of $1150.

The interest rate needed is approximately ________%. (Type an integer or decimal rounded to two decimal places asneeded.) *Question attached below.

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