Question: Future Value is calculated in Excel using the following function and parameters: Future Value = -FV( APR / 12, 12 * Years, Monthly Deposit) You
Future Value is calculated in Excel using the following function and parameters: Future Value = -FV( APR / 12, 12 * Years, Monthly Deposit) You expect to work for 30 years investing $147 per month. If you want to have $150,000 at the end of that time, what APR is needed? (Enter your answer with two decimal places)
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