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Chad received an academic achievement prize of $3,500 from her college. She deposited this money into a savings account on August 02, 2016. If the
Chad received an academic achievement prize of $3,500 from her college. She deposited this money into a savings account on August 02, 2016. If the interest accumulated on the investment when she withdraws the money on May 20, 2017 was $104.64, calculate the annual rate of simple interest that the savings account was providing her
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
