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One year ago, you invested $3,400. Today, it is worth $4,150. What rate of interest did you earn? Multiple Choice 4.53 percent es 5.53 percent
One year ago, you invested $3,400. Today, it is worth $4,150. What rate of interest did you earn? Multiple Choice 4.53 percent es 5.53 percent 1.84 percent O 2206 percent 11.03 percent When your father was born 45 years ago, his grandparents deposited $125 in an account for him. Today, that account is worth $1,500. What was the annual rate of return on this account? Multiple Choice 6.25 percent 5.45 percent 5.68 percent O 5 30 percent 424 percent An investor who was not as astute as he believed invested $282,500 into an account 9 years ago. Today, that account is worth $218,400. What was the annual rate of return on this account? Multiple Choice -282 percent O -247 percent 263 percent 2.90 percent 3.38 percent
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