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Suppose you are offered a proposal where you are required to invest $1,198 and in return you will receive $2,749 in 10 years! What is

Suppose you are offered a proposal where you are required to invest $1,198 and in return you will receive $2,749 in 10 years! What is the annual rate of interest would you earn if you took the offer? (Round your answer to two decimal points)

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