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Sally Saver invested $5000 into a fixed APR savings account 8 years ago. Today the account has a balance of $6251. Given that his account

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Sally Saver invested $5000 into a fixed APR savings account 8 years ago. Today the account has a balance of $6251. Given that his account offered quarterly compounding of interest, the APR on this account is? (Note: Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) % The APR on this account is

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