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(Solving for r in compound interest You lend a friend $5,000, for which your friend will repay you $12.000 at the end of 6 years.

(Solving for r in compound interest You lend a friend $5,000, for which your friend will repay you $12.000 at the end of 6 years. What interest rate are you charging your friend? The interest rate you are charging your friend is % (Round to two decimal places)

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