At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years? - 4521

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UoPExpert

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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. 6% 

C. 7% 

D. 5% 

Solution Description

At what rate mus