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You put $7,265 into an account that compounds interest semi-annually. Ten years later, your account balance is $18,654. What was your annual compound rate of
You put $7,265 into an account that compounds interest semi-annually. Ten years later, your account balance is $18,654. What was your annual compound rate of interest over the ten year period?
4.83% | ||
4.94% | ||
9.66% | ||
9.89% | ||
12.23% |
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