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Problem #3: If, in 12 years, $1000 increased to $2200, what is the effective monthly rate, as a percentage? Percentage, correct to 2 decimals.

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Problem #3: If, in 12 years, $1000 increased to $2200, what is the effective monthly rate, as a percentage? Percentage, correct to 2 decimals. (Do not include the '%' sign in your answer.) Problem #3: Just Save Submit Problem #3 for Grading Problem #3 Attempt #1 Attempt #2 Your Answer: Your Mark: Attempt #3 Attempt #4 Attempt #5

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