Question: At what annual interest rate, compounded annually, would $480 have to be invested for it to grow to $1,962.31 in 15 years? The annual interest

At what annual interest rate, compounded annually, would $480 have to be invested for it to grow to $1,962.31 in 15 years? The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,962.31 in 15 years is (Round to two decimal places.)

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