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Determine the interest rate r needed for an investment of $2,000 to grow to $10,000 in 3 years if interest is compounded semiannually (i.e., 2

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Determine the interest rate r needed for an investment of $2,000 to grow to $10,000 in 3 years if interest is compounded semiannually (i.e., 2 times a year). Exact value of r = 8000 X Interest rate, as a percent, rounded to 2 decimal places = % Submit

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