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Problem 7-12 You are 25 years old and inherit $80.000 from your grandmother. If you wish to purchase a $120, 100 boat to celebrate your

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Problem 7-12 You are 25 years old and inherit $80.000 from your grandmother. If you wish to purchase a $120, 100 boat to celebrate your ith birthday, what compound annual rate of return must you carn? Use Appendix A to answer the question. Round your answer to the nearest whole number 7.00

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