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At what annual interest rate, compounded annually, would $490 have to be invested for it to grow to $2,002.84 in 14 years? Question content area
At what annual interest rate, compounded annually, would $490 have to be invested for it to grow to $2,002.84 in 14 years?
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Part 1
The annual interest rate, compounded annually, at which $490 must be invested for it to grow to $2,002.84 in 14 years is (x)%. (Round to two decimal places.)
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