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Jaquin hopes to earn $700 in interest in 3.6 years time from $28,000 that he...

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Basic Math

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Jaquin hopes to earn $700 in interest in 3.6 years time from $28,000 that he has available to invest. To decide if it's feasible to do this by investing in an account thatcompounds semi-annually, he needs to determine the annual interest rate such an account would have to offer for him to meet his goal. What would the annual rate ofinterest have to be? Round to two decimal places.

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