What is the annual interest rate that bank, Financial Management

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What is the annual interest rate that bank

If you deposit $5,728 in a bank account that pays monthly interests and expect to receive $12,742 in 8 years, what is the annual interest rate that bank pays? Please round your answer to the fourth decimal. Please, explain in detail. For example, if your answer is 1.11%, you should input the answer as 0.0111.

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Financial Management: What is the annual interest rate that bank

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