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What annual stated rate of interest, r, compounded monthly (c = 12) would be required to accumulate a balance of $13,954.01 at the end of
What annual stated rate of interest, r, compounded monthly (c = 12)would be required to accumulate a balance of $13,954.01 at the end of year 5, if one were to make monthly deposits of $200 starting one month from today for all five of the following years (including a deposit at the end of year 5?
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