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Question: an aampe firm planning for a future expansion deposited 30000...

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An A&E firm planning for a future expansion deposited $30,000 each year for 5 years into a sinking (investment) fund that was to pay an unknown rate of return. If the account had a total of $450,000 immediately after the fifth deposit, what rate of return did the company make on these deposits? The rate of return that the company made was ____%.

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