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When she was born, Karen's grandparents put $11,000 into a trust fund for her. Karen is now 20 years old and the fund has grown

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When she was born, Karen's grandparents put $11,000 into a trust fund for her. Karen is now 20 years old and the fund has grown to $33,146. Calculate the annual compound rate of growth that the trust fund earned over the 20 years. Express your answer (i1) as a percent to 2 decimal places but don't include the % sign. Your Answer: Answer Question 6 (1 point) Calculate the annual effective rate equivalent to a nominal rate of 9.20% compounded quarterly. Round your answer to 2 decimal places (as a percent but don't include the % sign). Your

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