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Your second cousin invested $20,000 in a bank account five years ago. Today her account balance has grown to $29,000. If the bank account offered

Your second cousin invested $20,000 in a bank account five years ago. Today her account balance has grown to $29,000. If the bank account offered quarterly compounding of interest, the stated interest rate on this account was closest to:

Group of answer choices

1.88%.

7.36%.

7.50%.

7.71%.

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