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Jake can save $1200.00 by the end of each year for 7 years. His goal is to have $15,000.00 at the end of that time.

Jake can save $1200.00 by the end of each year for 7 years. His goal is to have $15,000.00 at the end of that time. What rate of return will his account have to pay for him to reach his goal?

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