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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 to
(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 $2,005.13 in 10 years? The annual interest rate, compounded annually, at which $500 must be invested for it to grow to $2,005.13 in 10 years is %. (Round to two decimal places.)
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