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Quiz: Chapter 5 Review Submit Quia This Question: 1 pt 17 of 24 (10 complete) This Quiz: 24 pts possibl Find the interest rate needed for the sinking fund to reach the required amount Assume that the compounding period i the same as the payment period 31,775 to be accumulated in 6 years, quarterly payments of $1100 The interest rate needed is approximately 17x (Type an integer or decimal rounded to two decimal places as needed) Enter your answer in the answer boix Type here to search 77CHRONoS FT F2 F3 F4 F5 F6 F7 F8
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