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Mr. Fish wants to build a house in eight years. He estimates that the total cost will be $150,000. If he can put aside $10,000

Mr. Fish wants to build a house in eight years. He estimates that the total cost will be $150,000. If he can put aside $10,000 at the end of each year, what rate of return must he earn in order to have the amount needed?

Between 17% and 18%

(Wrong )Between 15% and 16%

12%

None of these options

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