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Your firm has been told that it needs $24,300 today to fund a $120,000 expense 16 years from now. What rate of interest is needed?

Your firm has been told that it needs $24,300 today to fund a $120,000 expense 16 years from now. What rate of interest is needed? O 10.5% 14.8% O 13.2% O 11.2% 9.8%

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