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You wish to purchase a new convertible 12 years from today. At what time, the car will cost $80,000. You currently have $10,000 to invest. What rate of interest must your investment earn so that you can pay for the car?

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You wish to purchase a new convertible 12 years from today. At what time, the car will cost $80,000. You currently have $10,000 to invest. What rate of interest must your investment earn so that you can pay for the car?

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