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(1 point) (Exercise 4.3) A sum of $130 is placed into a fund at the beginning of every other year for 10 years. If the

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(1 point) (Exercise 4.3) A sum of $130 is placed into a fund at the beginning of every other year for 10 years. If the fund balance at the end of 10 years is $794.3, find the rate of simple interest earned by the fund. ANSWER = %

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