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you are 25 years old and inherit $65,000 from your grandmother. ifyou wish to purchase a $100,000 yacht to celebrate your 30thbirthday, what compound annual

you are 25 years old and inherit $65,000 from your grandmother. ifyou wish to purchase a $100,000 yacht to celebrate your 30thbirthday, what compound annual rate of return must you earn?

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