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Answer the following question: An investment of $129252will return $161076in 12years.What (annual) compounding rate is implied by these cash flows if there is monthly compounding?

Answer the following question:

An investment of $129252will return $161076in 12years.What (annual) compounding rate is implied by these cash flows if there is monthly compounding?

(Report as a percentage to two decimal places,for example,0.0278would be 2.78)

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