Discuss what interest rate must the investment earn, Microeconomics

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Discuss what interest rate must the investment earn

Problem

A mining firm makes annual deposits of $250,000 into a reclamation fund for 20 years. If the firm must have $10 million when the mine is closed, what interest rate must the investment earn?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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