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Suppose You Borrow $95

Question 52

Multiple Choice

Suppose you borrow $95.24 for one year at 5 percent and invest $95.24 for two years at 7 percent. For the time period beginning one year from today, you have


A) borrowed at 7 percent.
B) invested at 7 percent.
C) borrowed at 9 percent.
D) invested at 9 percent.

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