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Suppose you win $ 100.00 and immediately trade it for the lump sum of $ 170.00 to be received at the end of year 12
Suppose you win $100.00 and immediately trade it for the lump sum of $170.00 to be received at the end of year 12. Which comes closest to the interest rate earned on the trade?
| a | 58.16% | |
| b | 5.83% | |
| c | 6.37% | |
| d | 17.14% | |
| e | 4.52% |
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Information Systems Assurance
Authors: David C Chan
2nd Edition
150081458X, 9781500814588
