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Mr. Palmer deposits $11,115 in the bank at t = 0 and ends up with $17,698 after 7 years, what interest is the bank paying?

Mr. Palmer deposits $11,115 in the bank at t = 0 and ends up with $17,698 after 7 years, what interest is the bank paying? Answer as a percent to two places and asume annual compounding. Use algebra to solve for r or Excel or calculator finance functions.

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