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If a bank account begins the year with a $50 balance, but ends the year with $55, what is the implied annual interest rate? If
If a bank account begins the year with a $50 balance, but ends the year with $55, what is the implied annual interest rate?
If interest rates are currently 5% per year, then what is the interest earned on a $200 investment in one year? (Don't enter the dollar sign
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