You place $10,000 in an account. You hope to have $22,000 in the account after 15 years. What effective annual yield is needed to accomplish this? Give your answer correct to four decimal places.

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The Answer of You place $10,000 in an account. You hope to have $22,000 in the account after 15 years. What effective annual yield is needed to accomplish this? Give your answer correct to four decimal places.

You Place $10,000 in an Account