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Assume that Stacy Williams desires to accumulate $1,025,000 in 16 years using her money market...

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Accounting

Assume that Stacy Williams desires to accumulate $1,025,000 in 16 years using her money market fund balance of $167,200. At what interest rate must Stacys investment compound annually? (Round answer to 0 decimal places, e.g. 5%.)

Interest rate?

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