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Suppose that you wish to save $20, 000 at the end of 5 years by making the following deposits: = 0:$2000 = 1:$3000 = 2:$3000 = 3:$4000 = 4:$1500 = 5:$2500 What must the interest rate be (or what is the implied interest rate) ?
Sagot :
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