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Your objective is to have $31,740 in exactly 10 years. Today you invest $12,500 in a Schwab Differential Rate stock fund. For the next 4

Your objective is to have $31,740 in exactly 10 years. Today you invest $12,500 in a Schwab Differential Rate stock fund. For the next 4 years Schwab guarantees that your investment will earn a 6.8 % annual interest rate. To achieve your objective, during the final 6 years the Schwab fund must pay an annual interest rate of: Multiple Choice

  • 13.26%

  • 9.43%

  • 10.72%

  • 11.79%

  • 10.88%

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