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P5-14 (similar to) Question Help (Related to Checkpoint 5.6) (Solving for I) At what annual interest rate, compounded annually, would $480 have to be invested

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P5-14 (similar to) Question Help (Related to Checkpoint 5.6) (Solving for I) At what annual interest rate, compounded annually, would $480 have to be invested for it to grow to $1,970.58 in 11 years? The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,970.58 in 11 years is 13.5% (Round to two decimal places)

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