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Juan would like to give his newly born grandson a gift of $18 000 on his eighteenth birthday. Juan would like to know what rate

Juan would like to give his newly born grandson a gift of $18 000 on his eighteenth birthday. Juan would like to know what rate of return, compounded monthly, he must earn on a tax-free investment account if he deposits $1000 today and makes regular monthly deposits of $50 per month at the end of each month. What is Juan's required rate of return? (I/Y)

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