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(Solving for r in compound interest) If you were offered $1,472.05 5 years from now in return for an investment of $1,100 currently, what annual

(Solving for r in compound interest)

If you were offered $1,472.05 5 years from now in return for an investment of $1,100 currently, what annual rate of interest would you earn if you took the offer? (Round to the nearest whole percent.)

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