What rate of interest is being earned on this account

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Reference no: EM13270454

Fourteen years ago, your parents set aside $7,500 to help fund your college education. Today, that fund is valued at $26,180. What rate of interest is being earned on this account?

7.99 percent
8.36 percent
8.51 percent
9.34 percent
10.06 percent

Reference no: EM13270454

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