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Please show work, thank you (Ignore income taxes in this problem.) You have deposited $13,466 in a special account that has a guaranteed rate of
Please show work, thank you
(Ignore income taxes in this problem.) You have deposited $13,466 in a special account that has a guaranteed rate of return. If you withdraw $2,000 at the end of each year for 8 years, you will completely exhaust the balance in the account. The guaranteed rate of return is closest to: |
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