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At what rate must $550 be compounded annually for it to grow to $1045.66 in 12 years? Group of answer choices A. 5.5 percent B.

At what rate must $550 be compounded annually for it to grow to $1045.66 in 12 years? Group of answer choices A. 5.5 percent B. 5 percent C. 6.5 percent D. 6 percent E. 4.5 percent

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