Question: (Solving for i) At what annual interest rate, compounded annually, would $480 have to be invested for it to grow to $ 1992.91in 12 years?

(Solving for i) At what annual interest rate, compounded annually, would $480 have to be invested for it to grow to $ 1992.91in 12 years? Question content area bottom Part 1 The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1992.91 in 12 years is enter your response here%. (Round to two decimal places.)

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