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John invested $ 10,400 a year ago with a negotiated quarterly interest rate. He believes that his investment will become $ 17,000 five years from

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John invested $ 10,400 a year ago with a negotiated quarterly interest rate. He believes that his investment will become $ 17,000 five years from now. What effective annual interest rate did John receive on this investment? Leave your answer as a percent with 2 decimal places

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