Question 5, P5-14 (simil... HW Score: 26%, 13 of 50 points O Points: 0 of 3 Save (Related to Checkpoint 5.6) (Solving for i) At what annual interest rate, compounded annually, would $500 have to be invested for it to grow to $1,996.43 in 11 years? The annual interest rate, compounded annually, at which $500 must be invested for it to grow to $1,996.43 in 11 years is %6 (Round to two decimal places.)