A person needs to have $15,000 at the end of 6 years and $20,000 at the end year 7 to fulfill his goal. He is willing to invest a lump sum on two deposits today and leave the money untouched to the moment when the money will be needed. Calculate required investment returns he will need to earn to reach her goal knowing that he can invest now: a) $12,000| b) $14,000 c) $16,000

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