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If a $25,000 investment grew to $33,005 in 5 1/2 years of quarterly compounding, what effective rate of return was the investment earning? (Do not

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If a $25,000 investment grew to $33,005 in 5 1/2 years of quarterly compounding, what effective rate of return was the investment earning? (Do not round the intermediate calculations. Round your answer to two decimal places.) Effective rate %

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