On january 2 2016 this deposit has accummulated to 106611, Financial Management

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On january 2 2016 this deposit has accummulated to 106611

June Cunningham deposited $54,200 in the bank on January 1, 2006.

On January 2, 2016, this deposit has accummulated to $106,611 Interest is compounded annually. What rate of interest did June earn on the deposit?

Can you also show how to solve it on a financial calculator?

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Financial Management: On january 2 2016 this deposit has accummulated to 106611

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Financial Management: On january 2 2016 this deposit has accummulated to 106611

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