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An investor deposits 4484 into a deposit account. After 28 years it has grown to 656241. If interest is compounded on a monthly basis

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An investor deposits 4484 into a deposit account. After 28 years it has grown to 656241. If interest is compounded on a monthly basis what was the annual rate of interest? Only enter a numerical answer. For example if your answer was 15.52%, tyne 15.52 as your answer not 15.52%. If you include the % symbol your answer will be marked incorrect. Your answer must be correct to two places of decimal Answer:

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