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Explain by detail calculations (not too much writing) how my teacher gets these answers for each question below? nal Question 9, 2.3-6 Test Score: 48%,

Explain by detail calculations (not too much writing) how my teacher gets these answers for each question below?

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nal Question 9, 2.3-6 Test Score: 48%, 12 of 25 points Points: 0 of 1 Close COSCO invested $5.5 million in a project ten years ago. As of today, the worth of this project is $24.9 million. What annual interest rate has the project been earning if interest is compounded monthly? * A. 15.2% B. 14.8% OC. 14.2% D. 16.3%

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