An investor deposits 6140 into a deposit account. After 23 years it has grown to 648161. 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%, type 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: The correct answer is: 8.99 x If an investor deposits 4453 into a deposit account earning 6% per annum. how long will it take, in years, to grow to 644332. if interest is paid on a monthly basis. Your answer must be given in years, correct to two places of decimal. Do not convert your answer into years & months