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You are in the process of budgeting for your Masters university education. You estimate that you will need about $50,000 to go back to university

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You are in the process of budgeting for your Masters university education. You estimate that you will need about $50,000 to go back to university after 3 years. You have already saved $35,000. You want to invest this money for the next 3 years, and then use the future proceeds to finance your masters education. What is the minimum annual rate of return you must obtain on your investment to achieve your goal? a. 23.33% Ob 16.72% c. 12.62% d. 11.89% e. 10.00%

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