Question: Anders discovered an old pay statement from 1 0 years ago. His monthly salary at the time was $ 2 , 6 1 0 versus

Anders discovered an old pay statement from 10 years ago. His monthly salary at the time was $2,610 versus his current salary of $4,650 per month.
At what (equivalent) compound annual rate has his salary grown during the period? (Do not round intermediate calculations and round your final percentage answer to 2 decimal places.)
His salary grew at a rate of
2.60
% compounded annually.

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