Question: please be specific. 12) It took the Wilsons 5 years to save for the down payment on their home, they saved $1000 a month, and

please be specific.

12) It took the Wilsons 5 years to save for the down payment on their home, they saved $1000 a month, and had $70,000 at the end of the 5 years. What interest rate did the Wilsons earn on their savings? (6 points) Work: PV Monthly savings Periods (term in months) Compounding periods per year 70000 1000 60 12 Interest rate -5.91%

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