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

(Related to Checkpoint 5.6 ) (Solving for i) A what annual interest rate, compounded annually, would $500 have to be invested for it to grow to $1.983.85 in 11 years? The annual interest rate, compounded annually, at which $500 must be invested for it to grow to $1,983.85 in 11 years is: (Round to fwo decimal places)

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