How much annual interest rate it be if the company invested, Financial Accounting

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How much annual interest rate it be if the company invested

Problem

A construction company wants to set aside enough money today in an interest-bearing account in order to have $ 100,000 five years from now for the purchase of a replacement piece of equipment. How much annual interest rate it should be if the company invested $68,060.00 today?

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Financial Accounting: How much annual interest rate it be if the company invested

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Financial Accounting: How much annual interest rate it be if the company invested

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