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1. Suppose that you earn 146 $ of interest for an initial investment amount of 2.500 $, which is invested at an annual rate of
1. Suppose that you earn 146 $ of interest for an initial investment amount of 2.500 $, which is invested at an annual rate of 14%. What would be the approximate investment period?
a) 4 months
b) 5 months
c) 6 months
d) 7 months
e) Other:
2. Assume that you invest 5.000 $ to a bank in every 3 months. Annual interest rate is 20%. What would be the total amount of money in the bank at the end of the 5th year?
a) 125.350 $
b) 149.650 $
c) 165.350 $
d) 185.550 $
e) Other:
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