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Clara would like to have $5800 in years to give her granddaughter as a twenty-first birthday present. She has $3200 to invest in a ten-year

Clara would like to have $5800 in years to give her granddaughter as a twenty-first birthday present. She has $3200 to invest in a ten-year certificate of deposit. What rate of interest compounded annually must the CD earn?

The annual interest rate, r, would have to be appoximately____%

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