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31. Five years ago, Precision Tool set aside $50,000 in case of a financial emergency. Today, that accoun has increased in value to $64,397. What

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31. Five years ago, Precision Tool set aside $50,000 in case of a financial emergency. Today, that accoun has increased in value to $64,397. What rate of interest is the firm earning on thlS money? A. 5.19 percent B. 5.47 percent C. 6.18 percent D. 6.32 percent E. 6.45 percent

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