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You have decided to save $200,000 to buy a lakefront fishing cabin in 10 years. You will deposit $80,000 into an account today and make

You have decided to save $200,000 to buy a lakefront fishing cabin in 10 years. You will deposit $80,000 into an account today and make no further deposits. Assuming annual compounding, what annual rate of interest must you achieve to reach your goal?

115.1%

19.2%

12.6%

14.1%

9.6%

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