Question: 1 0 . What annual interest rate do you need to find in order for a deposit of $ 1 , 2 0 0 to

10. What annual interest rate do you need to find in order for a deposit of $1,200 to grow to $1,600 in six years if the bank compounds interest monthly? PLEASE SHOW BA11 PLUS CALCULATOR INPUTS.
N =?
PV =-$1,200
PMT =0
FV =1,600
CPT I/Y =???

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