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Suppose That in 2015, a $10 Silver Certificate from 1898

Question 16

Multiple Choice

Suppose that in 2015, a $10 silver certificate from 1898 sold for $11,700.For this to have been true, what would the annual increase in the value of the certificate have been?


A) 6.22 percent
B) 6.01 percent
C) 7.23 percent
D) 6.49 percent
E) 7.07 percent

Correct Answer:

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