Question: Please show your work with using formula and not financial calculator. Thank you! Problem 2. (10 points) If the principal grows from $60,000 to $96.000

Please show your work with using formula and not financial calculator. Thank you!
Please show your work with using formula and not financial calculator. Thank

Problem 2. (10 points) If the principal grows from $60,000 to $96.000 over the last 10 years, find the effective in- terest rate per year

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