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Mary wants to save $150000 for her daughter's education in 12 years. If Mary can only invest $8000 per year starting a year from now,

Mary wants to save $150000 for her daughter's education in 12 years. If Mary can only invest $8000 per year starting a year from now, what rate of return will Mary need to earn to reach her goal in 12 years, assuming annual compounding? 8.44% 7.80% 6.70% 7.23%

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