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Help solve: Troy wants to accumulate $40,000 in 10 years to purchase a vacation home. What is the annual investment rate of return that Troy

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Troy wants to accumulate $40,000 in 10 years to purchase a vacation home. What is the annual investment rate of return that Troy must obtain if he deposits $250 at the end of every month for 10 years?

I know N=10; PV = $250; PMT =12 ; FV = $40,000 and I am solving for I/Y ... is this correct?

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