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assume you put $12,000 into an account today at a bank and leave it there for 11 years. the bank promises that there will be

assume you put $12,000 into an account today at a bank and leave it there for 11 years. the bank promises that there will be $24,000 in the account at the end of the 16 years. what is the stated rate of interest apr on the account if interest is compounded monthly?

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