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Two years ago, you invested $2,800. You check your brokeage account today and realize that your initial investment is now worth $3,600. Before you call
Two years ago, you invested $2,800. You check your brokeage account today and realize that your initial investment is now worth $3,600. Before you call your mom to tell her about the good news, you need to compute the rate of interest you earned. What is this rate? Multiple Choice 1.12 percent 4.50 percent 3.50 percent 13.39 percent 6.70 percent
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