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Your need to repay a loan with a future value of 30407100

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Your need to repay a loan with a future value of $304,071.00 in 18.5 years. If you can make annual year-end deposits of $11,000 into an account, what annual rate of return would you require to earn enough money to pay the loan in full at the due date?

Reference no: EM13574840

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