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James purchased a bond for $3380, and ten months later he sold it for $3700. What annual rate would he have to earn in a

James purchased a bond for $3380, and ten months later he sold it for $3700. What annual rate would he have to earn in a savings account compounded monthly, to earn the same money on his investment? o 8.08% o 4.58% o 7.33% o 9.08%

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