Question: Scott invested $30561 into a technology development fund. Five years later, the fund matured and Scott received $53615. What quarterly compounded rate of interest did

Scott invested $30561 into a technology development fund. Five years later, the fund matured and Scott received $53615. What quarterly compounded rate of interest did Scott earn during the investment period of the fund?

(to 3 decimal places)

(do not include the % sign in the answer

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