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Posted on Sep 30, 2024

For an investment today in the amount of $ 1 6 , 9 3 4 , I will receive $ 3 0 , 0 0

For an investment today in the amount of $

16, 934,

I will receive $

30, 000

in six years. Determine the approximate rate of interest I will earn over that period, assuming that interest is compounded

annually.

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