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A deposit of $7,000 made 9 years ago will be worth $25,000 in 2 years from now. What is the annual interest rate? a. 12.27%
A deposit of $7,000 made 9 years ago will be worth $25,000 in 2 years from now. What is the annual interest rate?
a. 12.27%
b. 23.38%
c. 15.19%
d. 28.57%
e. 88.98%
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
0201785676, 9780201785678
