Maria houston has a 27200 debt that she wishes to repay


Problem

Maria Houston has a $27,200 debt that she wishes to repay 3 years from today; she has $19,360 that she intends to invest for the 3 years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt?

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Accounting Basics: Maria houston has a 27200 debt that she wishes to repay
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