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Score: 0 of 1 pt 4 of 7 (1 complete) HW Score: 12.5%, 1 of 8 pts P5-13 (similar to) Question Help (Related to Checkpoint
Score: 0 of 1 pt 4 of 7 (1 complete) HW Score: 12.5%, 1 of 8 pts P5-13 (similar to) Question Help (Related to Checkpoint 5.5) (Solving for n) How many years will it take for $520 to grow to $1,097.54 if it's invested at 5 percent compounded annually? The number of years it will take for $520 to grow to $1,097.54 at 5 percent compounded annually is years. (Round to one decimal place.) (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 $1,987.22 in 12 years? The annual interest rate, compounded annually, at which $520 must be invested for it to grow to $1,987.22 in 12 years is %. (Round to two decimal places.)
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