Question: 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

 Future Value is calculated in Excel using the following function and

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 $120 per month. If you want to have $135,000 at the end of that time, what APR is needed? (Enter your answer with two decimal places)

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