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i will upvote show work please Your bank does not disclose the interest rate on an account you have but instead just provides a balance
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Your bank does not disclose the interest rate on an account you have but instead just provides a balance after any account activity. You note the following: You start of the year balance is $750 On February 1 you deposit $100 and the balance after transaction shows $858. On March 15 you withdraw $100 and the balance after transaction shows $772 The balance on March 31 is $776 Using the time weighted return method, estimate the annual effective rate of interest you have earned. A) 3.25% C) 8.46% E) 13.64% B) 5.69% D) 13.00% show work please
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