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In 15 years, you hope to have $30,000 saved to buy a sports car. You will be able to save $1,032 at the end of

In 15 years, you hope to have $30,000 saved to buy a sports car. You will be able to save $1,032 at the end of each year for the next 15 years. What rate of return must you earn on your investments in order to achieve your goal?

1. None of the above
2. 8.9%
3. 9.0%
4. 8.2%
5. 9.2%

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