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You want $500,000 in a savings account in 15 years to buy your dream car. You plan to invest $11,000 into the account each year.
You want $500,000 in a savings account in 15 years to buy your dream car. You plan to invest $11,000 into the account each year. About what interest rate must you earn to buy your dream car?
11.6% | ||
14.5% | ||
17.3% | ||
23.9% |
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