m' Use the compound interest formula, A (t) = P(1 + g) , to calculate the interest rate for an account that was compounded monthly,
m' Use the compound interest formula, A (t) = P(1 + g) , to calculate the interest rate for an account that was compounded monthly, had an initial deposit of $2000, and was worth $2381.89 after 5 years. Round your answer to the nearest tenth of a percent. %
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