Solved: Charla would like to save 20000 for a down payment for her, Mathematics

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Charla would like to save 20000 for a down payment for her

2. Charla would like to save $20,000 for a down payment for her first house. She currently has $15,000. At what interest rate, compounded annually, would she need to invest her money in order to have the required $20,000 in 7 years? Round to the nearest 0.01%

[algebraic work in finding the interest rate]

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