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An amount of $48674 is invested in a term deposit which earns continuous compounded interest. Then, as each term expires, the balance is rolled over
An amount of $48674 is invested in a term deposit which earns continuous compounded interest. Then, as each term expires, the balance is rolled over and reinvested at the best interest rate with continuous compounding that is available. After nine years the total balance of $81090 is withdrawn. What annual rate of interest has been earned over this period?
(Express your answer as a decimal, correct to 4 places rather than as a %.)
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