Question: 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

Problem 2. (10 points) If the principal grows from $60,000 to

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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