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Determine the interest rate if a principle of $12 500 grew to $18 000, compounded monthly, over five years. Select one: O a. 8.44% O

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Determine the interest rate if a principle of $12 500 grew to $18 000, compounded monthly, over five years. Select one: O a. 8.44% O b. 7.32% ) c. 7.89% O d, 6,51% O e, 8,29%

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