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Alice has $14,000 to invest. She want to have $20,000 for a down-payment on a home...

Alice has $14,000 to invest. She want to have $20,000 for a down-payment on a home in 5 years. If the interest is compounded monthly, find the rate of interest r that Alice needs.


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For 5 yer She want 20,000 uton Compound inteest of Formy (a Ioo uhere, in the above Care 2rate Per month 20,000 ニ 14,000 (ItaThe solution for the is question is enclosed above

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