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(Related to Checkpoint 5.6) (Solving for ) At what annual interest rate, compounded annually, would $500 have to be invested for it to grow to

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(Related to Checkpoint 5.6) (Solving for ) At what annual interest rate, compounded annually, would $500 have to be invested for it to grow to 51.966.68 in 11 years? The annual interest rate, compounded annually, at which $500 must be invested for it to grow to $1,966.68 in 11 years is. (Round to two decimal places)

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