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Henry wants to purchase his dream car in 7 years. He estimates that the total cost will be $121,570. If he can put aside $11,000

Henry wants to purchase his dream car in 7 years. He estimates that the total cost will be $121,570. If he can put aside $11,000 at the end of each year over the next 7 years (i.e., t=1, 2, 3, 4, 5, 6, and 7), what rate of return must he earn to have the amount needed?

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