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Juan Arancho has $35,000 and would like to double his money in 12 years. What rate would he need to earn to reach is goal?

Juan Arancho has $35,000 and would like to double his money in 12 years. What rate would he need to earn to reach is goal?

A. 5.8181% B. 5.9463% C. 5.8603%

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