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

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Problem \#3: If, in 12 years, $1000 increased to $2200, what is the effective monthly rate, as a percentage? Problem =3: Percentage, correct to 2 decimals. (Do not include the '\%' sign in your answer.)

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