At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years? - 429

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At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years? 

A.8% 

B.7%

C.6%

D.5%

 

Solution Description

At what rate must $400 be compounded annuall