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(Related to Checkpoint 5.6) (Solving for i) At what annual interest rate, compounded annually, would $520 have to be invested for it to grow to

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(Related to Checkpoint 5.6) (Solving for i) At what annual interest rate, compounded annually, would $520 have to be invested for it to grow to $1,965. 16 in 12 years? The annual interest rate, compounded annually, at which $520 must be invested for it to grow to $1,965.16 in 12 years is [%. (Round to two decimal places.)

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