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(1b) if a savings account has an unknown annual rate, but is compounded monthly and if a deposit of $8,668.23 will be worth $10.447.86 in
(1b) if a savings account has an unknown annual rate, but is compounded monthly and if a deposit of $8,668.23 will be worth $10.447.86 in 10 months, then what is the annual rate? {Write your answer in decimal form and round 4 decimal places.}
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