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Payments of $6,000 are made into a fund at the beginning of each year for ten years. The fund is invested at an annual effective
Payments of $6,000 are made into a fund at the beginning of each year for ten years. The fund is invested at an annual effective rate of i. The interest generated is reinvested at 17%. The total accumulated value at the end of the ten years is $130,000. Find i. (Round your answer to two decimal places.) i = %
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