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Suppose your bank account indicates a balance of $219.11 on December 31,2016. Assuming that you initially deposited $100 on January 1, 2007 and made no
Suppose your bank account indicates a balance of $219.11 on December 31,2016. Assuming that you initially deposited $100 on January 1, 2007 and made no withdrawals, what interest rate must have you earned? Assume that interest is compounded semi-annually.
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