Business, 08.04.2021 19:40 sssved01

You have just deposited $9,500 into an account that promises to pay you an annual interest rate of 6.2 percent each year for the next 8 years. You will leave the money invested in the account and 20 years from today, you need to have $27,940 in the account. What annual interest rate must you earn over the last 12 years to accomplish this goal

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You have just deposited $9,500 into an account that promises to pay you an annual interest rate of 6...