Question: At what annual interest rate, compounded annually, would $490 have to be invested for it to grow to $2,002.84 in 14 years? Question content area

At what annual interest rate, compounded annually, would $490 have to be invested for it to grow to $2,002.84 in 14 years?

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Part 1

The annual interest rate, compounded annually, at which $490 must be invested for it to grow to $2,002.84 in 14 years is (x)%. (Round to two decimal places.)

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