Question: Question 5 (0.15 points) At what rate must $500 be compounded annually for it to grow to $983.50 in 10 years? O A) 7 percent

Question 5 (0.15 points) At what rate must $500 be compounded annually for it to grow to $983.50 in 10 years? O A) 7 percent B) 8 percent C) 5 percent OD 6 percent

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