Lundys laundromat anticipates they will need to replace all, Ask an Expert

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Lundy's Laundromat anticipates they will need to replace all of their machines in 4 years. If Lundy's has $42406 to invest now and they need $75354 in 4 years, what interest rate will the account need to pay? (Assume interest is compounded annually.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91770106

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