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Tyler has set up a sinking fund to save up for a down payment for a house. He would like to have $21243 on deposit

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Tyler has set up a sinking fund to save up for a down payment for a house. He would like to have $21243 on deposit in 5 years. He has calculated that he needs to deposit $025 each quarter into the account, which Bars interest compounded worly to have $21,743 in 5 years. What interest rate does his coulin assume Note Asinking tund is an account created to fund a future expenses a wings The interest (Round to two decimal places)

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