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You have just deposited $ 1 2 , 5 0 0 into an account that promises to pay you an annual interest rate of 6
You have just deposited $ into an account that promises to pay you an annual interest rate of percent each year for the next years. You will leave the money invested in the account and years from today, you need to have $ in the account. What annual interest rate must you earn over the last years to accomplish this goal?
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