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(Related to Checkpoint 5.6) (Solving for i) If you were offered $1,399.20 12 years from now in return for an investment of $400 currently, what

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(Related to Checkpoint 5.6) (Solving for i) If you were offered $1,399.20 12 years from now in return for an investment of $400 currently, what annual rate of interest would you earn if you took the offer? The annual rate of interest you would earn if you took the offer is %. (Round to the nearest whole percent.)

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