Question: at what annual interest rate, compounded annually, would $500 have to be invested for it to grow to $1943.24 in 12 years? (round to two

at what annual interest rate, compounded annually, would $500 have to be invested for it to grow to $1943.24 in 12 years?

(round to two decimal places.)

= Homework 3-1 MyFinanceLab Assignment Question 5, P5-14 (similar to) HW Score: 26%, 13 of 50 points O Points: 0 of 3 Rotated to checkpoint (Solving for newhat annual interest rate, compounded innusty, would so have to be invested for it to grow to 51.943.24 in 12 years? The wintorout ra, compoundodamy, at which 300 must be invented for it to grow to 324 in 12 years Roond to two decades

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