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A deposit of $10,000 increased to $12,500 in 5 years. Determine the annual rate of interest used and calculate the balance at the end of
A deposit of $10,000 increased to $12,500 in 5 years. Determine the annual rate of interest used and calculate the balance at the end of year four. What was the balance at the end of year four?
Select one: A. $11,954 B. $13,954 C. $15,954 D. $14,254 E. $12,254
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