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John makes an investment of $10,800 into an account that pays interest compounded annually. In...

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Basic Math

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John makes an investment of $10,800 into an account that pays interest compounded annually. In addition, he makes a yearly deposit of $110. At the end of 3 years, his balance is $15,800. Determine the interest he earned on the savings account. Round your answer to two decimal places.John's annual percentage rate on his investment was%.

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