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Your parents just deposited $8,500 into a bank account that pays an annual interest rate of 6 percent each year for the next 6 years.

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Your parents just deposited $8,500 into a bank account that pays an annual interest rate of 6 percent each year for the next 6 years. They plan to leave the money invested in the account and 10 years from today, they will need to have $19,320 in the account. What annual interest rate must they earn over the last 4 years to accomplish this goal? Multiple Choice 0 125% 11555 14.07% 10.01 0 1137

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