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(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

(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 $1,950.67 in 10 years?

The annual interest rate, compounded annually, at which $500 must be invested for it to grow to

$1,950.67 in 10 years is __________response here%. (Round to two decimal places.)

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