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# Work if possible on the exam sheet. Pe the original exam or complete photocopy JUL L a nt dides unless

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work if possible on the exam sheet. Pe the original exam or complete photocopy JUL L a nt dides unless specified therwise. P re label all your answer. You may use the page for scratch work You will only receive You may use Math Maple Excelles otherwise specified 7 Q103 Determining interest rate Suppose Susan Nassy invested $5,000 in a savings account that paid semiannual 2 times a year) com- pounded interest. After 8 years the money had accumulated to$6,704.19. What was the annual (apy) interest rate in percent? 10 points

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