Question: Gabe would like to accumulate $ 9 , 0 0 0 at the end of 8 years by making deposits at the beginning of each

Gabe would like to accumulate $9,000 at the end of 8 years by making deposits at the beginning of each year for 8 years.
His first deposit will be 700 and each subsequent deposit will increase by k%.
If Gabe can invest at an annual effective interest rate of 4%, what is k?

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