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17. Money is deposited into an account that earns 7% simple interest per year. What is the effective rate of interest during the 4th year

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17. Money is deposited into an account that earns 7% simple interest per year. What is the effective rate of interest during the 4th year (i.e., for the time interval [3,4])? A) 5.61% B) 5.66% C) 5.71% D) 5.75% E) 5.79%

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