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If an initial investment of $2,300 grows to $39,000 in 18 years, what annual interest rate (as a %) compounded annually did this investment earn?

If an initial investment of $2,300 grows to $39,000 in 18 years, what annual interest rate (as a %) compounded annually did this investment earn? (Round your answer to two decimal places.)

the answer is 17.0 but I need it with good explanantion and step by step, even if its simple step. pleaseee

thannks

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