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Suppose you are planning to deposit $5,000 in a CD account. You'd like your deposit to grow to $6,000 in 8 years. If interest in

Suppose you are planning to deposit $5,000 in a CD account. You'd like your deposit to grow to $6,000 in 8 years. If interest in the account compounds monthly, what annual interest rate do you need? Answer in percent and round to two decimal places.

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