Elizabeth has 35000 in an investment account but she wants, Ask an Expert

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Elizabeth has $35,000 in an investment account, but she wants the account to grow to $100,000 in 10 years without making any additional contributions to the account. What effective annual rate of interest does she need to earn on the account to meet her goal?

9.03%

11.07%

10.23%

8.65%

12.32%

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Reference No.:- M953049

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