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You want to buy a car in 8 years for $39,000 You want to make deposits of $7,000 at the end of each year for
You want to buy a car in 8 years for $39,000 You want to make deposits of $7,000 at the end of each year for the first 3 years, then move the money to a different account that earns 10% to grow for the following 5 years. What inferest rate do you need in the lirst 3 years to reach your goal? 1107% 14.6%. 6.3% 9.5%
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