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An enterprising student invests dollar I,000 at an annual interest rate that will grow the investment to dollar 2,000 in 4 years. In 4 more

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An enterprising student invests dollar I,000 at an annual interest rate that will grow the investment to dollar 2,000 in 4 years. In 4 more years the amount will grow dollar 4,000, and this pattern of doubling repeats every four years over a total time span of 36 years. How much will student have in the account at EOY 36 = The magical annual interest rate the student is earning is =

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