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simply give the answer if the future value in twoo years of $100,000 invested in a certain fund that compounds it at a fixed rate
simply give the answer
if the future value in twoo years of $100,000 invested in a certain fund that compounds it at a fixed rate annually is $116,640 , at what rate has it been compunded?
A) 8.00 %
B) 11.66%
C)16.00%
D)24.20
E)10.00
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