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Your parents have established a college savings fund for you by depositing $61,500. If you can withdraw $15,000 annually at the end of each year

Your parents have established a college savings fund for you by depositing $61,500. If you can withdraw $15,000 annually at the end of each year for 5 years, what approximate rate of interest is being earned on the fund?

	A.	22%
	B.	7%
	C.	2.4%
	D.	4.1%

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