At what annual rate would the following have to be
invested?
$5,143, to grow to $44,972, in 40 years.
Round the answer to two decimal places in percentage form
Future value = Present value ( 1+r)^n
44972 = 5143 (1+R)^N
44972 = 5143 ( 1+R)^40
44972 /5143 = (1+R) ^40
8.744 = (1+R)^40
R = 5.57%
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