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assume you put $12,000 into an account today at a bank and leave it for their for 16 years the bank promises that there'll be

assume you put $12,000 into an account today at a bank and leave it for their for 16 years the bank promises that there'll be 24,000 in the account at the end of sixteen years what is the stated rate of interest on the account if the interest is compounded monthly

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