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1. What is the rate of return on an investment if you lend $1,000 and are repaid $1,254.70 two years later? Group of answer choices
1.
What is the rate of return on an investment if you lend $1,000 and are repaid $1,254.70 two years later?
Group of answer choices
12%
25%
6%
18%
4% 2.
At an effective interest rate of 12%, a single sum invested today will double itself in approximately:
Group of answer choices
8 years.
12 years.
6 years.
insufficient data to determine answer.
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