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Suppose a husband wants to tak his wife on a trip three years from now to Europe to celebrate their 40 th recelved a $23,500
Suppose a husband wants to tak his wife on a trip three years from now to Europe to celebrate their 40 th recelved a $23,500 inheritance from an uncle and intends to invest it for the trip. The husband estimates What interest rate, compounded annually, must be earned to accumulate enough to pay for the trip? Note: Use tables, Excel, or a financial calculator. Do not round your intermediate values. Enter your answ whole percentage. (EV of $1, PV of $1. EVA of $1. PVA of $1, PVAD of $1 and PVAD of $1 )
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