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At what annual interestrate, compoundedannually, would $480 have to be invested for it to grow to $1,942.62 in 10 years? The annual interestrate, compoundedannually, at

At what annual interestrate, compoundedannually, would $480 have to be invested for it to grow to $1,942.62 in 10 years?

The annual interestrate, compoundedannually, at which $480 must be invested for it to grow to $1,942.62 in 10 years is

______%. (Round to two decimalplaces.)

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