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A deposit of $ 7 , 0 0 0 made 9 years ago will be worth $ 1 7 , 0 0 0 in 4

A deposit of $7,000 made 9 years ago will be worth $17,000 in 4 years from now. What is the annual interest rate?
Question 6Answer
a.
15.87%
b.
24.84%
c.
10.99%
d.
10.36%
e.
7.06%

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