Question: please show all work and round at the end MATH 300 HOMEWORK #4 1. Clara would like to have 52100 in 7 years to give

please show all work and round at the end

MATH 300 HOMEWORK #4 1. Clara would like to have 52100 in 7 years to give her granddaughter as a 21st birthday present. She has 51500 to invest in a 7-year CD. What rate of interest compounded monthly must the CD earn?(calculate r to the nearest hundredth)

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