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Determine the interest rate r needed for an investment of $4,000 to grow to $16,000 in 7 years if interest is compounded semiannually (i.e., 2

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Determine the interest rate r needed for an investment of $4,000 to grow to $16,000 in 7 years if interest is compounded semiannually (i.e., 2 times a year). Exact interest rate (without using a calculator), r = Interest rate, as a percent, rounded to 2 decimal places = %

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