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Mr. Fish wants to build a house in 10 years. He estimates that the total cost will be $250,000. If he can put aside $15,000 at the end of each year, what rate of return must he earn in order to have the amount needed?

Between 7% and 9%

Between 13% and 15%

Between 10% and 12%

Between 15% and 17%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92427370

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