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Jeff wants to accumulate $ 1 3 , 6 0 3 . 8 3 by December 1 , Year 8 . To accumulate that sum,

Jeff wants to accumulate $13,603.83 by December 1, Year 8. To accumulate that sum, Jeff will make six equal semiannual deposits of $2,000, beginning on June 1, Year 6, into a fund that earns interest compounded semiannually. What annual rate of interest must the fund provide to yield the desired sum?

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