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12. If an investment of $4,000 will grow to $6,250 in four years with monthly compounding, the annual interest rate will be closest to: *

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12. If an investment of $4,000 will grow to $6,250 in four years with monthly compounding, the annual interest rate will be closest to: * A. 11.2%. B. 12.3%. C. 13.0%. D. 14.0%. E. None of the above

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