Question: A Moving to another question will save this response. Question 6 of 25 > >> 1 points Save Answer Alfonse invested $5,500 today in a

A Moving to another question will save this response. Question 6 of 25 > >> 1 points Save Answer Alfonse invested $5,500 today in a savings account. At the end of Year 4, the investment will have grown to $8,500. If interest is paid once per year, the effective annual rate of the investment is closest to: 11.50% 13.57% b. 12.20% c

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