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A deposit of $ 6 , 0 0 0 made 8 years ago will be worth $ 1 8 , 0 0 0 in 3

A deposit of $6,000 made 8 years ago will be worth $18,000 in 3 years from now. What is the annual interest rate?
Question 5Answer
a.
25.00%
b.
10.50%
c.
18.18%
d.
44.22%
e.
14.72%

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