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Question 2 Beverly hopes to enter a local university in 2 years' time and the cost is expected to be $26,973 then. She intends to

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Question 2 Beverly hopes to enter a local university in 2 years' time and the cost is expected to be $26,973 then. She intends to deposit $1,000 at the end of every month into a local bank. The local bank promises that she will have $26,973 at the end of 2 years. What is the interest rate per annum that the bank is offering to Beverly

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