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8. (Basic interest rate) What annual interest rate, earned over 8 years, will make an initial $17,500 grow to be: a. $20,000? b. $25,000? c.

8. (Basic interest rate) What annual interest rate, earned over 8 years, will make an initial $17,500 grow to be:

a. $20,000?

b. $25,000?

c. $35,000?

d. $50,000?

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