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MC algo 4 - 4 0 Lump Sums You have just deposited $ 8 , 0 0 0 into an account that promises to pay

MC algo 4-40 Lump Sums
You have just deposited $8,000 into an account that promises to pay you an annual interest rate of 5.9 percent each year
for the next 5 years. You will leave the money invested in the account and 15 years from today, you need to have $19,400
in the account. What annual interest rate must you earn over the last 10 years to accomplish this goal?
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