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In your local Credit Union, your account balance doubles in 8 years, where your deposit earns an interest rate compounded monthly. Your Credit Union was

In your local Credit Union, your account balance doubles in 8 years,

where your deposit earns an interest rate compounded monthly.

Your Credit Union was offering a nominal interest percentage (APR) of ???

When I do the calculation, I get 8.70 % and the answer shows as wrong . I am so confused.

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