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You have deposited $12,987 in a special account that has a guaranteed rate of return. If you withdraw $3,000 at the end of each year

You have deposited $12,987 in a special account that has a guaranteed rate of return. If you withdraw $3,000 at the end of each year for 5 years, you will completely exhaust the balance in the account. The guaranteed rate of return is closest to: (Ignore income taxes.)

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