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You wish to put money into a savings account to earn enough to make a down payment on a house in 8 years. If you

You wish to put money into a savings account to earn enough to make a down payment on a house in 8 years. If you have $6,000 to invest now (and nothing else) and you need $10,000 at the end of year 8 for the down payment, what interest rate would you need to earn?

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