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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

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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 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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