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You have $1,100 today and want to triple your money in 5 years. What interest rate must you earn if the interest is compounded annually?

You have $1,100 today and want to triple your money in 5 years. What interest rate must you earn if the interest is compounded annually? O 18.08 percent 19.90 percent 22.15 percent 24.57 percent 27.21 percent

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